Mozambique secures $420 M grants for transmission upgrades
Mozambique: The World Bank Group has approved $420 M in grants to strengthen Mozambique’s energy transmission system.
The grants will be issued through private sector investments to modernise the country’s energy transmission capacity for domestic and regional markets. Furthermore, the project is to be co-funded by a $24 M grant from a Norwegian Trust Fund
Mozambique will use the grants to finance its Temane Regional Electricity Project (TREP), which includes the construction of a 563 km high-voltage line between Maputo and Vilanculos/Temane. A 400 MW combined cycle gas-to-power generation plant at Temane will also be constructed.
The project will enable private investment of around $750 M for generation.
Source: ESI Africa