MoU signed for 260 MW of Solar Projects in Mozambique
Electricidade de Moçambique (EDM) has signed a Memorandum of Understanding (MoU) with pan-African infrastructure investment platform Africa50 to collaborate on the development of solar energy projects and transmission lines in Mozambique.
The initiatives encompass the Montepuez solar farm, a 100 MW project in Cabo Delgado province and the Angoche solar plant with a capacity of 60 MW in Nampula province, featuring an integrated battery energy storage system. Additionally, there is the 100 MW floating solar photovoltaic endeavor in Manica province, planned to be constructed on the Chicamba hydropower plant reservoir. Beyond power generation, Africa50 and EDM have entered into an MoU to collaborate on Public-Private Partnership (PPP) projects for the development of 400 km of high-voltage transmission lines.
These projects are anticipated to be undertaken within the framework of the UAE's Africa Green Investment initiative, a US$4.5 billion initiative in which Africa50 serves as a strategic partner. The MoU was formalized during the COP28 climate conference in the UAE.
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December 12, 2022
Financing provided for 2.07 GW Hydropower project in Mozambique
Hidroeléctrica de Cahora Bassa (HCB) in Mozambique has secured a loan package of up to EUR125 million (US$131 million) from the African Development Bank Group to fund the modernization of its electricity power production system.
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July 20, 2022
Ncondezi launches feasibility study for 300 MW solar and energy storage project in Mozambique
Ncondezi Energy Ltd has announced the launching of a feasibility study for its 300 MW solar and storage project in northern Mozambique.
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March 08, 2022
Tender deadline extended for 1.5 GW Hydropower project in Mozambique
The Government of Mozambique (GOM), acting through the Ministry of Mineral Resources and Energy (MIREME), has extended the deadline for the Mphanda Nkuwa Hydroelectric Project in Tete Province.
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May 25, 2018
MoU signed for US$400 million gas-fired power project in Mozambique
Great Lakes Africa Energy (GLAE) has signed a Memorandum of Understanding (MoU) with the Government of Mozambique to construct a 250 MW gas-fired power plant in the country at an estimated value of US$400 million.
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January 24, 2018
IFC-led consortium refinance 175 MW gas-fired power plant in Mozambique
Sasol Limited and Electricidade de Moçambique (EDM) have successfully refinanced the Central Térmica de Ressano Garcia S.A. (CTRG) joint venture project, a 175 MW gas-fired power plant in Mozambique. EDM holds a 51% stake in the project, with Sasol holding the remaining 49%.
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