Electricidade de Moçambique (EDM) in partnership with the World Bank and the regional energy exchange, the Southern African Power Pool, have held meetings to seek funding for various electrical infrastructures in southern Africa. This Tuesday (02), these institutions met in Maputo, in the second meeting of the four planned. On the sidelines of the event, the Administrator for the Business Development Area, Pedro Nguelume, said that it is premature to advance the amount of investment necessary for the projects. “At the moment we have projects in various stages and it is not possible to say exactly what the amount involved is. Each project has its funding. These are projects connecting Mozambique and Malawi (under construction); Mozambique-Zambia and Mozambique -Tanzania in the study phase and other initiatives such as Mozambique-Zimbabwe – South Africa. It is not possible to define the exact amount, but the specific objective is this: to refine the estimates to have concrete numbers and move towards financing”, said Nguelume. According to the EDM Administrator, these projects will be powered by the energy to be produced by the Temane Thermal Power Plant projects, valued at USD 652.3 million, with a capacity of 450 Megawatts and the Mpanda Nkuwa Hydroelectric Power Plant estimated at 4.5 billion USD, with a capacity of up to 1500 Megawatts and whose completion is scheduled for 2031.   Even without numbers, the EDM Administrator said that the projects will further catapult the country as one of the major energy suppliers in the Southern Africa region. “The gains are many. The projects will make it possible to achieve the great objective that we have as a country, of being a regional hub and being able to export more energy and attract a higher level of revenue”, concluded Nguelume. It should be noted that the report on the Economic Environment and Inflation Prospects published last July by the Bank of Mozambique states that the country exported energy valued at USD 136 million in the first quarter of 2022, against 129 million in the same period of 2021. . (E.C) Source: Carta de Moçambique

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