Mozambique President wants World Bank support for energy projects

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Mozambique President wants World Bank support for energy projects

1:24 CAT | 01 Jul 2025

Photo: TVM

President of Mozambique Daniel Chapo yesterday expressed interest in cooperating with the World Bank on “structuring projects” for the country’s economy, particularly in the energy sector.

“As you know very well, we have enormous potential to be a hub in terms of energy supply to the region,” the Mozambican president told journalists after meeting the President of the World Bank, Ajay Banga, on the sidelines of the 4th United Nations International Conference on Financing for Development (FFD4) in Seville.

In terms of “water potential” for energy production in the country, Daniel Chapo highlighted the project to expand the Cahora Bassa Hydroelectric Plant (HCB), one of the largest independent hydroelectric power producers in southern Africa, saying: “We are planning to move forward to Phase 2 of the HCB.”

“We also talked about the Mphanda Nkuwa project, which we believe is an extremely important project for increasing hydroelectric power production in the country and other hydroelectric projects that exist in Mozambique,” he said.

The head of state also highlighted gas exploitation as a driving force for the production of power in the country.

“We believe that with Rovuma gas, with whom we currently have a project underway, Coral Sul, and we have just approved Coral Norte, we will increase gas production capacity and our National Hydrocarbons Company, ENH, will also have a larger share of domestic gas and we believe that we must continue to invest in gas-based electricity production,” the president explained.

Chapo also pointed to the megaproject for the extraction of liquefied natural gas by TotalEnergies, “which could be resumed at any time if the ‘force majeure’ is lifted”, and the project by ExxonMobil, an American multinational oil and gas company considered the largest investor-owned oil and gas company in the world, as Mozambique’s energy advantages.

“It has a large gas production capacity and we can also build several power plants and increase our electricity production capacity in Mozambique for energy transport and export to countries in the region,” President Chapo said.

For the Mozambican president, with the support of the World Bank in these “structuring projects” for the national economy, Mozambique becomes an important part of the energy solution, especially in the southern region of the continent.

“South Africa has an energy crisis, Eswatini has an energy crisis, Zimbabwe has an energy crisis, the same can be said about Botswana, Zambia and all the countries in the region (…), and we have enormous potential,” he said.

On April 16 last year, World Bank president Ajay Banga highlighted Mozambique’s role as a base for the electricity market in southern Africa, after a meeting in Washington with the then Mozambican president, Filipe Nyusi, promising new partnerships with the country.

Source: Lusa