The Mozambican Minister of Economy and Finance, Max Tonela, recently informed that the Government intends to invest around US$34 billion in generating more than 3,000 Megawatts (MW) of energy by 2030.
Speaking in Washington, United States of America, in a lecture under the motto “United for Energy Security and Sustainability, Triple Victory in Regional Energy Trade”, Max Tonela stressed that Mozambique is outlining strategies aimed at attracting the necessary financial resources to exploit the high potential hydroelectric and green energy production and, through this, contribute to the implementation of the national and regional agenda in this domain.
According to the official, these are investments that will also allow the Southern African region to have energy at a lower cost, and it is therefore important to work with financial institutions that have “skills and background in this type of processes, such as such as the Bank of Mozambique”.
According to the minister, more than 560 million people live without access to energy in Southern Africa, a fact that represents both a challenge and an opportunity for the country, stressing that Mozambique has exported quantities of more than 1,000 MW of energy, while at the same time being to invest in increasing transfer capacity.
“We are a country that has a high energy and water potential, as well as renewable sources and natural gas, still little explored, but which can respond to internal and external needs”, he added.
The Mozambican official made it known that, in the country, there are electrification infrastructure projects with South Africa and Zimbabwe, also stressing that the link with Eswatini has been strengthened, within the scope of the Motraco project.
