The German ambassador to Mozambique, Ronald Münch, revealed that his country is interested in expanding investments in the energy sector, as well as funding initiatives thatpromote access to electricity, especially in rural areas, in order to boost the local economy and promote development.
Speaking during a meeting in Maputo, the diplomat pointed out that Germany has companies equipped with advanced technology and a great reputation in the energy area, which can bring significant benefits to Mozambique.
“We were pioneers in adopting concrete actions for the energy transition in Europe, so we believe that a partnership between the two countries’ companies can establish synergies and exchange experiences for the implementation of Mozambique’s Energy Transition Strategy, budgeted at 80 billion dollars,” said Münch.
The ambassador acknowledged Mozambique’s energy potential, saying that the conditions are in place for the country to become one of the main producers in southern Africa.
Last year, the German Development Bank (KfM) revealed that it intends to invest up to 21 million dollars to support the construction of solar photovoltaic and hydroelectric plants in Mozambique. Supported by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development, the investment is part of the Global Electricity Transition Feed-in-Tariff (GET FiT) program, which aims to improve the country’s electrification by 2030.
“Hydropower has enormous potential in Mozambique to generate climate-friendly energy and, if supplied reliably, will contribute to the country’s economic development,” said the Bank’s portfolio manager, Marco Freitag.
According to Freitag, “the investment of 21 million dollars is expected to enable more companies to enter the Mozambican energy market. It will also support the connection of hydroelectric plants to the national grid, with a specific focus on the northern and central areas of Mozambique, where approximately 80% of the population lives in energy poverty.”
These investments not only promise to improve Mozambique’s energy infrastructure, but also to provide a significant boost to economic development and the quality of life of the population, especially in rural areas.
