Mozambique has approved a groundbreaking energy transition plan that will last until 2050, with an estimated $80 billion in investments.
The comprehensive strategy aims to propel the country toward a more sustainable future by increasing renewable energy capabilities and ensuring greater access to electricity.
On December 2nd, President Filipe Nyusi will formally present the ambitious energy plan to the international community at the COP28 climate summit in Dubai.
The plan, which was approved by Mozambique’s Council of Ministers on November 21st, outlines critical initiatives that will take place between 2023 and 2030.
The plan’s key components include a 2,000 megawatt increase in hydropower capacity achieved through upgrades to existing facilities and the completion of the Mphanda Nkuwa Hydropower Project.
Furthermore, the strategy emphasizes the expansion of the national electricity grid as well as a significant shift to electric vehicles in order to reduce emissions in the transportation sector.
Mozambique, which will enter the liquefied natural gas market in November 2022, believes that significant gas discoveries, combined with the untapped potential of renewable energy, will serve as economic growth catalysts.
The implementation of this energy transition plan is consistent with the country’s larger goals of driving development and lifting millions out of poverty.
