AfDB approves USD-2.5 m give for renewables programme in Mozambique

Oct 14, 2022 09:20 PM ET
  • The African Development Bank (AfDB) claimed on Friday that its board had approved to extend a USD-2.5-million (EUR 2.56 m) grant to the government of Mozambique to sustain the renewables development in the nation.
AfDB approves USD-2.5 m give for renewables programme in Mozambique
Image: African Development Bank Group

The give originates from the Sustainable Energy Fund for Africa (SEFA), which AfDB administers, and will certainly be utilized to apply the Mozambique Renewable Energy Integration Program (MREP), the multilateral bank stated.

Much more especially, the financing will help Mozambique's state-owned power firm Electricidade de Mocambique (EDM) to finance an extensive feasibility study into the prospective development of a floating solar energy project on the Chicamba tank. Specific quantity of funds will certainly likewise sustain an usefulness research for battery energy storage projects at as much as 10 websites, capacity building for EDM's personnel and tender preparation.

According to AfDB, Mozambique has a prospective to generate 187 GW from renewable and also fossil fuel resources. Presently, hydro power stands for around 81% of the nation's mounted capacity, however gas as well as renewables are anticipated to take a larger share in Mozambique's energy mix, the bank said.

Solar Installers, Manufacturers