- AfDB has approved a grant of $2.5 million to the Mozambican government.
- The fund will include personnel capacity development.
African Development Bank (AfDB), as part of its support towards the development of renewable energy resources in Africa, has approved a grant of $2.5 million to the Mozambican government. The grant, administered by the Bank from the Sustainable Energy Fund for Africa (SEFA), will be used to implement the Mozambique Renewable Energy Integration Program (MREP).
The Director of the African Development Bank’s Renewable Energy and Energy Efficiency Department, Dr Daniel Schroth, said “With the support of the Sustainable Energy Fund for Africa, Mozambique’s capacity to integrate larger shares of variable renewables will increase its efforts to become a major regional electricity supplier,”. He added, “Given that Mozambique is one of the most highly climate-vulnerable countries in the world, the project will help build a more sustainable and resilient power generation infrastructure”.
The SEFA funding will include personal capacity developments and assist the national electricity company in providing financial support for economic, technical, social and environmental feasibility studies towards developing a Battery Storage System in up to 10 sites and a solar floating power plant in Chicamba reservoir EDM hydropower assets.
The Chairman of EDM, Marcelino Gildo Alberto, said: “We are very excited to launch the activities under the Sustainable Energy Fund for Africa in Mozambique, which comes with a set of very strategic and innovative projects, that will contribute to diversifying the energy matrix and fund a study on storage needs, that will enable the development of more renewable energy projects”.