World Bank and Mozambican government to sign energy sector agreement in June

25 May 2010

Maputo, Mozambique, 25 May – The World Bank is to provide funding of US$80 million to Mozambique for energy projects, due to begin in two months, the resident Mozambican representative of the World Bank said Monday in Maputo.

Speaking at the end of a public consultation meeting on the World Bank’s new energy strategy for sub-Saharan Africa, Boris Utria said that the bank also had a renewable energy project that was due to be launched next year.

“We have just presented this US$80 million projects and another US$160 million project to the board of the World Bank together with other partners, with a view to supplying electricity to rural Mozambique,” he said.

Utria noted that “Mozambique has many areas to explore,” in the energy sector, whilst also noting the need to renew infrastructures in some African countries.

At Monday’s meeting in the Mozambican capital, Lúcio Monari, also of the World Bank in Mozambique, considered that the energy sector in Africa was facing, “a large financing deficit,” despite the fact that private sector aid was growing.

“There is a great need for renewal and expansion of infrastructures in Africa’s energy sector,” said Monari adding that “the distribution network needs to be expanded in order to reach a further 6 million customers per year in the next decade.” (macauhub)

MACAUHUB FRENCH