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Add to Preferred SourcesThe Board of Executive Directors of the World Bank Group approved a total amount of $420 million grants to strengthen Mozambique’s transmission capacity for domestic and regional markets and increase electricity generation capacity through private sector investment.
The project will support the construction of a 563 km high-voltage transmission line between Maputo and Vilanculos/Temane and a private sector financing of a 400-MW combined cycle gas-to-power generation plant at Temane. Together, they would strengthen generation and transmission of power within Mozambique and in southern Africa. The project will enable private investment of around $750 million for generation.
“It is fundamental to developing the Mozambican domestic power system, expanding energy access, and ensuring the secure, affordable, and sustainable power supply that is one of the key drivers of Mozambique’s economic and social development”, said Mark R. Lundell, the World Bank Country Director for Mozambique.
Original source: World Bank
Published on 20 June 2019