The African Development Bank (AfDB) has approved a US$54 million loan for a 120 MW onshore wind farm to be located 50 km west of the capital, Maputo, Mozambique.
The Bank’s loan, which includes US$12 million from the Sustainable Energy Fund for Africa (SEFA), is in addition to financing expected from the International Finance Corporation (IFC), the U.S. International Development Finance Corporation (DFC), the Emerging Africa and Asia Infrastructure Fund (EAAIF) and the Private Infrastructure Development Group’s Technical Assistance. The total project cost is estimated at US$ 224.5 million. Mozambique’s national electricity utility, EDM, will be the sole off-taker from the wind farm, under a 25-year power purchase agreement.
The wind farm will be Mozambique’s first utility-scale wind power project. It is expected to generate 331.6 GWh annually, supplying affordable, reliable, and clean energy to both local consumers and regional markets, diversifying Mozambique's energy mix, and improving access to electricity.
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.
Read moreHidroeléctrica 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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Ncondezi Energy Ltd has announced the launching of a feasibility study for its 300 MW solar and storage project in northern Mozambique.
Read moreThe 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.
Read moreGreat 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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