The President of the Republic, Daniel Chapo, has expressed interest in cooperating with the World Bank on the implementation of strategic projects for Mozambique’s economy, particularly in the energy sector.
Speaking after a meeting in Seville (Spain) with World Bank President Ajay Banga, on the sidelines of the 4th United Nations International Conference on Financing for Development (FFD4), Chapo emphasized the country’s “enormous potential” in producing and supplying energy to the region.
“We highlighted the expansion of the Cahora Bassa Hydroelectric Plant (HCB), one of the region’s largest independent hydroelectric energy producers, and also discussed the Mphanda Nkuwa project, which we consider extremely important for increasing Mozambique’s energy output,” said the head of state.
Quoted by Lusa, the President also underscored the need to invest in liquefied natural gas (LNG) exploration initiatives in the Rovuma Basin, calling them crucial for national development. “The Eni-led Coral Sul project is underway, and we recently approved Coral Norte, which will increase gas production capacity. At any moment, the TotalEnergies LNG megaproject will resume, following the lifting of the force majeure,” he noted.
“The World Bank’s support for these structural projects is extremely important for the national economy and will help solve energy problems in the region. South Africa, Eswatini, Botswana, Zambia, and Zimbabwe are all facing an energy crisis, and Mozambique has the potential to help alleviate this situation,” Chapo concluded.
Last year, Ajay Banga acknowledged Mozambique’s role as a regional electricity hub in Southern Africa, and pledged new partnerships to strengthen the country’s energy sector. At the time, he stated: “Mozambique has not only made progress in improving internal access to electricity, but is also becoming a base for the regional energy market—an excellent step toward development.”
Source: Diário Económico (DE)
