IFC signs deal to support 1.5 GW hydropower project in Mozambique

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The International Finance Corporation (IFC) and the Ministry of Mineral Resource and Energy (MIREME) of Mozambique have entered into a collaboration to develop a 1,500 MW hydroelectric power project and its associated transmission facilities in Mozambique. 

The Hydropower Project will have the capacity to supply power to meet Mozambique´s growing domestic demand and to transform the country into a regional energy hub. The rest of the project's output is expected to be exported to neighboring countries, including South Africa. The estimated US$4.5 billion project will include a dam, a power station, and a high voltage transmission infrastructure of 1,300 Km from the project site in Tete Province to Maputo, Mozambique's capital. The project is expected to be completed in 2031.

IFC will work with the government to structure the project, with the goal to help mobilize competitive private investment, reaching commercial operation for the port. IFC will be responsible for the review of technical design, environmental safeguards, as well as commercial and financial structuring.

List of the country updates

Country updates

  • April 22, 2022

    Syrah Resources reaches FID for 11.25 MW solar-plus-storage project in Balama

    Syrah Resources Ltd, an Australian mining company, has reached a final investment decision (FID) for its planned 11.25 MW solar photovoltaic project with an 8.5 MW/MWh battery energy storage system lo...

    Read more
  • 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.&n...

    Read more
  • January 28, 2022

    Two bidders left for Dondo solar PV project tender

    The Ministry of Mineral Resources and Energy (MIREME) of Mozambique has revealed that two bidders are left for the final phase of the government tender for the development and construction of the...

    Read more
  • January 19, 2022

    EDM launches consultancy tender for the study of floating solar project in Chicamba Hydroelectric Power Station

    The state-owned power utility of Mozambique, Electricidade de Moçambique (EDM), has launched a request for expression of interest (RFEOI) for interested consultants to conduct a feasibility stu...

    Read more
  • December 16, 2021

    Globeleq and partners secure financial close for Central Termica de Temane power project

    Globeleq, Africa's leading independent power company and its partners, Electricidade de Moçambique, E.P. (EDM), and Sasol, have achieved the financial close of its planned Central Termica de Te...

    Read more

Share this update