Mozambique is set to embark on an ambitious energy transition journey until 2050, aiming to attract a staggering $80 billion in investments to bolster renewable energy capacity and enhance electricity accessibility. President Filipe Nyusi is poised to unveil this groundbreaking energy strategy on December 2 at the COP 28 climate summit in Dubai, signaling Mozambique’s commitment to a sustainable future.
Key initiatives from 2023 to 2030 include the addition of 2,000 megawatts in hydropower capacity through the modernization of existing plants and the completion of the Mphanda Nkuwa hydro project. The plan also involves expanding the national electricity grid and making a significant shift to electric vehicles, aligning with a broader strategy to curb emissions in the transport sector.
Pedro Simao, special advisor to the minister of energy, revealed, “We are fine-tuning the document and anticipate its public release later this week,” indicating the meticulous planning and attention to detail invested in this transformative energy roadmap. The Mozambican Council of Ministers gave its approval to the document on November 21, setting the stage for a monumental leap toward sustainable energy practices.
Having exported its first liquefied natural gas in November 2022, Mozambique envisions leveraging its substantial gas discoveries and renewable energy potential to drive economic growth and uplift millions from poverty. As the nation positions itself as a trailblazer in the energy sector, the international stage eagerly awaits the unveiling of this comprehensive and forward-thinking strategy.