HomeIndustry SectorsFinance and PolicyProjects planned for Mozambique’s power sector

Projects planned for Mozambique’s power sector

Mozambique’s energy sector is attracting significant investment, beyond its much discussed large offshore gas discoveries. Mozambique’s investment promotion centre reported the country as having approved 418 foreign investment projects worth US$1.363 billion in 2013. As industrialisation expands in the country, power projects worth an anticipated US$12 billion are understood to be in the pipeline.

Among these, ACWA Power Moatize Termoeléctrica, a consortium made up of Brazil’s Vale, Japan’s Mitsui, Saudi Arabia’s ACWA Power and Electricidade de Moçambique (EDM), has announced the development of a thermoelectric power station in Mozambique’s Tete province, with an estimated cost of US$1 billion.

In addition, the Japanese government is to grant Mozambique a loan of US$167 million to build a gas fired power station in Maputo. EDM estimates it needs to spend US$2 billion on its primary power transmission network.

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