The Italian-owned company Renco announced that it has consolidated its position as one of the most significant private investment forces in Mozambique since beginning operations in 2012, accumulating investments exceeding €155 million in strategic projects across the energy, logistics, civil construction, and urban infrastructure sectors.
Quoted by the Mozambican Information Agency, Piergiorgio Vangelista, Renco’s director in Mozambique, stated that the company currently employs around 2,000 workers, of whom 1,700 are based in the northern province of Cabo Delgado.
“Over these 14 years of operation, we have grown exponentially. At the moment, we work across the entire country, but mainly in Cabo Delgado, and we are committed to sustainable development and social stability. We have never had any conflict with the population, and that is due to our ability to engage in dialogue, explain our actions, and then deliver on what we promise,” he explained.
With operational headquarters in Maputo and Cabo Delgado, and a new office recently inaugurated in Nacala, Nampula province, Vangelista said that Renco is expanding its national footprint while executing some of the most important ongoing projects in the country.
“One of the most ambitious private investments currently being carried out by Renco is the Mecufi solar power plant, valued at around €30 million. The project, developed in partnership with Mozambican private investors and the state-owned electricity company Electricidade de Moçambique (EDM), is expected to begin operations in December 2026 and will inject approximately 20 megawatts of clean energy into the national grid, strengthening energy security in the northern region,” he said.
According to the executive, the project will have a direct impact on the country’s energy supply, noting that construction of the plant has already mobilised around 130 direct workers in the Mecufi region, creating opportunities for specialised technical training in an area considered strategic for Mozambique’s energy future.
“Beyond its energy impact, the project is particularly important in a province marked by humanitarian and security challenges, also serving as a catalyst for local economic development,” he added.
Another major project led by Renco is the Pemba Bay Terminal (PBT), a port and industrial infrastructure considered strategic for the logistical development of the natural gas industry in Cabo Delgado. Piergiorgio Vangelista revealed that the terminal involved a private investment of approximately €70 million and began operations in 2020 after construction started in 2019.
According to Renco’s director, the project’s main objective is to ensure logistical accessibility for gas projects in the north, especially at a time when land transport remains difficult. “The terminal has also become a symbol of local economic integration, particularly through the supply of materials sourced from the province itself,” he explained.
Meanwhile, in Maputo, Mozambique’s capital, Renco stated that it is leading one of the country’s most important projects in terms of urban flood mitigation and stormwater drainage. Valued at approximately €55 million, the project is being implemented in the neighbourhoods of Maxaquene and Polana Caniço through a subsidised loan from the Italian government to the Mozambican state.
“We are building infrastructure for Maputo’s water drainage system; the project’s impact will be profound in terms of urban mobility and housing security. With an expected duration of three years, the intervention is already beginning to produce visible results, and the works represent a direct response to a historic problem faced by local communities,” he said.
The director added that the company intends to invest in agriculture, infrastructure reconstruction, port expansion, tourism, and logistical development in Cabo Delgado.
“The North is the main focus, and tourism could be one of the solutions to the current situation of instability in Cabo Delgado,” he argued.
Source: Diário Económico
