The German ambassador to Mozambique, Ronald Münch, revealed that his country is interested in expanding investment in the energy sector, as well as funding initiatives that promote access to electricity, especially in rural areas, in order to boost the local economy and promote development.
Speaking during a meeting in Maputo, the diplomat made it known that Germany has companies that are well equipped with advanced technology and have a great reputation in the energy area, which can bring added value to Mozambique.
‘We were pioneers in adopting concrete actions for the energy transition in Europe, which is why we believe that a partnership between companies from the two countries can establish synergies and exchange experiences for the implementation of Mozambique’s Energy Transition Strategy, which is budgeted at 80 billion dollars,’ he explained.
Ronald Münch recognised Mozambique’s energy potential, saying that the conditions are in place for it to be one of the main producers in southern Africa.
Last year, the German Development Bank (KfM) revealed that it intends to invest up to 21 million dollars to support the construction of solar photovoltaic and hydroelectric power stations in Mozambique. Supported by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development, the investment is part of the Global Electricity Transition Feed-in-Tariff (GET FiT) programme, which aims to improve the country’s electrification by 2030.
‘Hydroelectric power has enormous potential in Mozambique to generate climate-friendly energy and, if supplied reliably, will contribute to the country’s economic development,’ said the Bank’s portfolio manager, Marco Freitag.
According to him, ‘the investment of 21 million dollars is expected to enable more companies to enter the Mozambican energy market. It will also support the connection of hydroelectric power stations to the national grid, with a specific focus on the northern and central areas of Mozambique, where approximately 80% of the population lives in energy poverty.”
