Communication - Presse

Mozambique Seeks to Attract British Investors for Mphanda Nkuwa Project

The Minister of Mineral Resources and Energy, Carlos Zacarias, invited this Wednesday, June 29, British companies to invest in the construction of the Mphanda Nkuwa Hydroelectric Power Station, projected to generate 1500 Megawatts of energy.

Carlos Zacarias made the invitation in a panel discussion at Chathan House, in London, United Kingdom, on the role of the energy sector as a catalyst for diversification and development of Mozambique, which was attended by journalists, businessmen and local government officials.

“This is a structuring and fundamental project for the energy transition and will respond to the consumption needs of the national industry, consolidate Mozambique’s position as a power generation pole in the region and increase the capacity to generate revenue,” said the minister, quoted by Notícias.

Still in this panel, the governor referred to the country’s potential in new and renewable energies, namely hydro, wind and solar, to meet domestic and regional needs.

“For the present five-year period, the Government has committed and will reach the goal of increasing the power generation capacity by 200 MW based on these sources,” he said.

In his intervention, the Mozambican governor welcomed the participation of the United Kingdom of Great Britain in the financing of electrification projects in the country.

In the session on the role of the mineral resources and energy sector to galvanize the agricultural sector, Zacarias referred to the fact that energy and agriculture constitute two of the four main priorities in the Government’s Five Year Plan. He highlighted the ongoing investments for biofuels and other production, including methanol and gas-based fertilizers, which will boost the agricultural sector and jobs.

These topics were addressed as part of Mozambique Week in the UK, which, since Tuesday, brings together various stakeholders to reflect on Mozambique’s agriculture, green economy and energy sectors, and comes as a result of the UK-Africa investment summit held in 2020.




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