Maputo, Mozambique, 21 Sept – Negotiations for US$530 million in additional funding to finance power generation projects in Mozambique are at an advanced stage, said Sweden’s ambassador to Mozambique, Torvald Akesson.
Cited by Mozambican newspaper Notícias, the ambassador declined to specify when the funding, resulting from a Mozambican government request, would be paid.
Currently, the projects underway in the energy sector, funded by cooperation partners, are estimated to cost US$620 million, and are expected to contribute not only to boosting access to electricity, but also to improving the quality of electricity supplied to consumers.
Speaking a few days ago at the annual meeting between the partners and the government, Akesson said that Mozambique had to find other types of funding for carrying out renewable energy projects.
Although he said that the investments currently underway in this sector were very big, Akesson also noted that they were insignificant given the size and needs of the country.
Also as part of the efforts to increase access to energy, there are also large-scale generation projects underway – the Mphanda Nkuwa dam and power plant and coal-fired plants at Benga and Moatize – as well as small-scale projects – refurbishment of the Chicamba, Mavuzi and Corrumana plants. (macauhub)