Mozambique fine tunes new $80 bln energy transition blueprint

Mozambique
Mozambique President Filipe Jacinto Nyusi

According to a top energy official, Mozambique has adopted an ambitious new energy transition plan to take them until 2050. With this plan, they want to attract investments of around $80 billion to expand their capacity for renewable energy and increase their power availability.

On December 2, during the COP 28 climate meeting in Dubai, Mozambique’s President Filipe Nyusi is scheduled to present energy policy to international partners and possible funders officially.

Priority plans between the next year and 2030 include adding 2,000 megawatts of new hydropower capacity by upgrading existing plants and completing the new Mphanda Nkuwa hydro project, expanding the national electricity grid, and switching to electric vehicles to reduce emissions from the transport sector. These plans are intended to be carried out between the next year and 2030.

“We are still fine tuning the document and hope to publicly release it later this week,” Pedro Simao, a special counselor to the minister of energy, told Reuters on Monday. “We have a lot of work to do,” Simao said.

On November 21, the Council of Ministers of Mozambique gave their stamp of approval to the text.

The southern African nation made its first shipment of liquefied natural gas in November of 2022, and it is expected that massive gas finds, together with its potential for renewable energy, will fuel economic growth and help raise millions of people out of poverty.

TRENDING

Related Posts