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Mozambique: Japan provides US$60M for construction of Nacala power plant
2:45 CAT | 12 Dec 2019
File photo: Lusa
The Japanese government is to provide $60 million (€53 million) for the construction of a power plant in Nacala, in the northern province of Nampula, an official source told Lusa on Thursday.
The amount will be made available as part of an agreement to be signed on Thursday by the foreign affairs minister, José Pacheco, and the Japanese Ambassador in Mozambique, Toshio Ikeda.
The Japanese government will also provide funds for the construction of four schools in four districts in Zambezia province, the centre of the country, a source from the foreign affairs ministry told Lusa.
The support is the result of the Tokyo International Conference on African Development (TICAD 7), a ministerial meeting held in August between Japan and African governments in Japan.
The construction of the power plant aims to improve the quality of energy and contribute to the economic and social development of the region, in addition to providing electricity to the Nacala Corridor (CLN), one of the special economic zones where Japan, through Mitsui, has investments.
The corridor, in operation since 2016, is an investment of $4.5 billion that brings together the Brazilian multinational Vale, the Japanese conglomerate Mitsui and the Mozambican public railway company CFM.
The CLN comprises a 912-kilometre railroad, including 200 that crosses into Malawi, and a deep-water port terminal that handles the coal that the Brazilian mining company Vale produces in Moatize district, Tete province, central Mozambique.
Source: Lusa
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