Egyptian group Elsewedy Electric intends to invest in Mozambique

13 May 2010

Maputo, Mozambique, 13 May – The Egyptian group Elsewedy Electric aims to invest US$100 million in rural electrification in Mozambique, an Energy Ministry source has told Macauhub in Maputo.

The intention was transmitted to Energy Minister Salvador Namburete when he received a delegation from the Egyptian group on Wednesday in Maputo, the source said.

The group is seeking partnerships to make investments in the solar and wind energy and gas turbine sectors. A partnership may eventually be established with the public utility Electricidade de Moçambique, the ministry source added.

The Mozambican government has made the electrification of all 128 districts of the country a priority.

At present, 89 districts are electrified. Forecasts indicate that within two years 15 more districts will be receiving energy from the national electric network. (macauhub)