Mozambique To Present New $80bn Energy Transition Plan

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Mozambique’s government approved a strategy to reduce the nation’s dependence on fossil fuels that it estimates will cost $80-billion to implement by 2050, a step aimed at winning finance to develop the economy.

Meanwhile, 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 Hydropower Project, expanding the national electricity grid, and switching to electric vehicles to reduce emissions from the transport sector.

“We are still fine-tuning the document and hope to publicly release it later this week,” Pedro Simao, special adviser to the energy minister, told Reuters news agency on Monday.

It was gathered that the document was approved by Mozambique’s Council of Ministers on November 21.