Mozambique: Petroleum Institute cancels tender for acquisition of seismic data
New Mozambican Association of Renewable Energies formed
1:12 CAT | 30 Oct 2017
A group of private companies launched the Mozambican Association of Renewable Energies (AMER) on Thursday, the promoters announced in Maputo.
The new 50-member organisation was launched as part of a two-day conference promoted by the Association of Lusophone Renewable Energies (ALER) that took place on Wednesday and Thursday in the Mozambican capital.
In an interview with Lusa, AMER board member Andreas Mendonça said: “It is intended to organise the private sector and demonstrate that there are companies capable of implementing good projects.”
“Many initiatives are underway,” said Isabel Cancela de Abreu, executive director of ALER, especially focussing on “reviewing the organisation of institutions and regulating the sector” in Mozambique.
“There will be many opportunities in the ongoing transformations,” she said, and “it is important that the private sector is brought together in an association for new projects and investment.”
The difficulty of accessing financing and risk mitigation for loans were two of the main obstacles to the expansion of the sector in Mozambique, according to an ALER report presented on Wednesday.
The creation of a tool with financial partners allowing investors to provide risk guarantees was one of the projects that the new Mozambican association intended to take forward, Mendonça told Lusa.
Mozambique had great potential for producing electricity from renewable sources, especially from solar energy, but the market is still unexplored. Only a little more than a fifth of the population has access to electricity and renewables do not even appear in statistics, the report says.
The October 2017 National Report on Renewable Energies in Mozambique is funded by the Africa-EU Renewable Energy Cooperation Program (RECP) and sponsored by Portugal’s National Energy Networks (REN) and UK Aid, the British development aid agency.
Source: Lusa
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