(3 minutes read)
The plan envisages an expenditure upwards of US$ 80 billion to propel the nation towards a more sustainable future. By that time, 26 years from now, the southern African country would have tapped its potential for renewable energy
Mozambique is embarking on a prospective energy transition plan, which has set 2050 as the target year to achieve the goal. The plan envisages an expenditure upwards of US$ 80 billion to propel the nation towards a more sustainable future. By that time, 26 years from now, the southern African country would have tapped its potential for renewable energy.
President Filipe Nyusi will present this ambitious plan to the international community on December 2nd during the COP28 climate summit in Dubai. The plan outlines crucial initiatives set to unfold between 2023 and 2050. It has been formally approved by the country’s cabinet after consultations.
A substantial increase of 2,000 megawatts in hydropower capacity by upgrading the existing facilities and the completion of the Mphanda Nkuwa Hydropower Project are two key suggestions of the plan. The strategy also emphasizes the expansion of the national electricity grid and a significant transition to electric vehicles to mitigate emissions in the transportation sector.
Read Also:
https://trendsnafrica.com/e500-million-eu-and-eib-funding-mega-hydroelectric-project-in-mozambique/
Mozambique marked its entry into the liquefied natural gas market in November 2022. It now envisions substantial gas discoveries, combined with the untapped potential of renewable energy, which can help the country achieve broader objectives of driving development and uplifting millions from poverty.
