- Mozambique’s new energy transition plan is to attract investments to boost renewable energy capacity and increase electricity availability.
- The plans include adding 2,000 MW of new hydropower capacity and switching to electric vehicles to reduce emissions.
A senior energy official said that Mozambique has approved an ambitious new energy transition plan until 2050, hoping to attract investments of $80 billion to boost renewable energy capacity and increase electricity availability. Mozambican President Filipe Nyusi is expected to officially present the energy strategy to international partners and potential donors on December 2 during the COP28 climate summit in Dubai.
Priority plans between next year and 2030 include adding 2,000 megawatts of new hydropower capacity by upgrading existing plants and completing the new Mphanda Nkuwa hydro project. The country also plans to expand the national electricity grid and switch to electric vehicles to reduce emissions from the transport sector.
Pedro Simao, special advisor to the minister of energy, said, “We are still fine-tuning the document and hope to release it publicly later this week.” The southern African country exported its first liquefied natural gas in November 2022 and hopes that a huge gas discovery and its renewable energy potential will propel economic growth and help lift millions out of poverty.