The African Development Bank (ADB) is available to fund construction of the Tete-Maputo Power Transmission Line, also known as the Centre-South Project (Cesul) with up to US$400 million, the resident representative of the bank said in Maputo.
The Cesul project has an estimated total cost of US$1.8 billion, and is considered to be one of the Mozambican government’s key development projects as it will be the “backbone” of the country’s national power grid.
According to daily newspaper Notícias the ADB’s availability to provide funding was announced by resident representative Joseph Ribeiro on the sidelines of a round table to debate “the challenges Mozambique faces in the energy sector,” as part of the summit of heads of state and government of the southern Africa Development Community.
According to the ADB representative, the energy sector will need a large amount of investment and available public funds will need to be supplemented not only with funding from the ADB but also from the private sector.
The Cesul project consists of 1,340 kilometres of 400 kV alternate current power line and around 1,250 kilometres of 500 kV direct current power line, as well as construction of eight sub-stations and expansion of another two. (macauhub)