Thursday, July 18, 2024

African Development Bank renews commitment to energy projects in Mozambique

The African Development Bank has reaffirmed its commitment to supporting power generation projects in Mozambique, highlighting its crucial role in the sector’s development. The announcement was made during the signing ceremony of the partnership agreements for the implementation of the Mphanda Nkuwa hydroelectric project, held on Wednesday, December 13, in Maputo.
Henry Baldeh, the AfDB’s representative in Mozambique, assured that the institution would continue to support the Mozambican government’s efforts to supply energy, providing the guarantees and financial investments needed to ensure the success of the projects underway. “Rest assured that the ADB, as a partner in development and growth, will continue to support the government’s efforts to provide convenient energy,” said Baldeh.

During his speech, Baldeh stressed the AfDB’s commitment to playing an active role as an advisor to the Mphanda Nkuwa hydroelectric project, an ambitious undertaking that aims to develop a dam, a hydroelectric power station with a capacity of up to 1500 MW and a 1300 km high-voltage power transmission line.
“We are committed partners and will therefore continue to support the leadership and the next phases of the project. The infrastructure will help industrialize the economy and consolidate the country’s position as an energy producer,” said Baldeh, emphasizing the strategic importance of the project for inclusive and sustainable development in Mozambique.
With an estimated cost of 4.5 billion dollars, the Mphanda Nkuwa project is considered a significant milestone for the country, addressing not only energy needs, but also balancing water availability, food security and inclusive development. Completion of this project is scheduled for 2031, representing a crucial step in the search for a more robust and sustainable energy matrix in Mozambique.

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