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Mozambique fine-tunes new $80 bln energy transition blueprint

Mozambique fine-tunes new $80 bln energy transition blueprint

MOZAMBIQUE has approved an ambitious new energy transition plan until 2050, hoping to attract investments of some $80 billion to boost renewable energy capacity and increase electricity availability, a senior energy official said. Mozambican President Filipe Nyusi is expected to officially present the energy strategy to international partners and potential donors on December 2 during the COP 28 climate summit in Dubai. Priority plans between next year and 2030 include adding 2,000 megawatts of new hydropower capacity by upgrading existing plants and completing the new Mphanda Nkuwa hydro project, expanding the national electricity grid and switching to electric vehicles to…
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