RENMOZ 2025: Mozambique's Energy Transition Strategy highlighted in Conference program
Mozambique: World Bank approves $131 million for electricity projects
8:15 CAT | 17 Apr 2025
FILE - For illustration purposes only. [File photo: EDM]
The Mozambican publicly-owned electricity company, EDM, has announced the approval of financing totalling 131 million dollars from the World Bank for the implementation of the Project aimed at Accelerating Sustainable and Clean Energy Access Transformation (ASCENT project).
Of the amount approved, 117 million dollars will be managed by EDM, while the rest will be allocated to components led by the National Energy Fund (FUNAE) and the Ministry of Mineral Resources and Energy (MIREME).
This initiative, which is part of the third phase of the “Energy for All’ Project”, is aimed at ensuring universal access to electricity in Mozambique by 2030.
The first phase of the project will connect around 146,000 new consumers to the grid, benefiting approximately 700,000 people in Maputo, Sofala, Manica, Tete, Zambézia and Nampula provinces.
“With this funding, it will be possible to significantly expand the National Electricity Grid. It is planned to build 3,300 kilometers of low-voltage network, 2,200 kilometers of medium-voltage network and install 2,200 transformers”, reads the announcement.
Funding will be channelled through the International Development Association (IDA), in close collaboration with the Mozambican government. The project’s preparatory and operational activities have already begun, and the physical execution of the work is scheduled to begin i
Source: AIM
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.