Mozambique has given the green light to an ambitious energy transition plan extending until 2050. The aim is to attract approximately $80 billion in investments, bolstering renewable energy capacity and expanding electricity accessibility, as disclosed by a high-ranking energy official on Monday.
President Filipe Nyusi of Mozambique is anticipated to formally unveil the energy strategy on December 2 during the COP 28 climate summit in Dubai, presenting it to international partners and potential donors.
Key objectives from 2023 to 2030 involve augmenting hydropower capacity by 2,000 megawatts through upgrades to existing facilities and the completion of the Mphanda Nkuwa hydro project.
Additionally, plans include expanding the national electricity grid and transitioning to electric vehicles to curtail emissions from the transportation sector.
Pedro Simao, special advisor to the minister of energy, indicated on Monday, “We are still fine tuning the document and hope to publicly release it later this week”.
The southern African nation commenced liquefied natural gas exports in November 2022 and anticipates that substantial gas discoveries, coupled with its renewable energy potential, will propel economic growth and aid in lifting millions out of poverty.
