Mozambique: USD250 Million Finance Deal Sealed for Electricity Infrastructure

Google+ Pinterest LinkedIn Tumblr +
  • The Mozambican government yesterday  approved a financing agreement signed in August with India’s Exim Bank covering a  (€213 million) loan for the improvement of the electricity grid in the country.

The financing, the subject of a memorandum signed on August 3 2020, will be applied to improving the quality of electricity in the cities of Maputo and Matola, Council of Ministers spokesperson Filimão Swazi said after the Cabinet meeting in Maputo.

The project foresees 400,000 families being connected to the public electricity grid each year, on the way to achieving the goal of universal access to electricity by 2030.

Official figures reveal that the Mozambican government needs US$167 million (€142 million) to electrify all administrative post headquarter villages in rural areas.

Of the 135 administrative headquarters that still do not have an electricity connection, 94 will be connected to the national electricity grid, and another 41, located too far from the national grid, will be electrified using solar power.

Author: Bryan Groenendaal


Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.