Now Reading
MIREME: “Investment in Energy Development Boosts Industrial Transformation”

MIREME: “Investment in Energy Development Boosts Industrial Transformation”

The Permanent Secretary of the Ministry of Mineral Resources and Energy (MIREME), Teodoro Vales, on Tuesday, June 6, warned on the need to start investing in energy expansion, to achieve industrial transformation and stimulate socio-economic, inclusive and sustainable development in the country.

Speaking at the opening ceremony of the 2nd edition of the “Mozambique Energy and Industry Summit”, held in Maputo, Teodoro Vales said it was important that efforts be made to increasingly modernise the national park of power generation, investing in technology, optimisation and reliability, especially at this time when the world is betting on renewable energy.

“We need to create conditions to make cheaper, more stable and cleaner electricity available for all purposes, as a way of placing greater emphasis on industrialisation and thus promoting more comprehensive development, both locally and on a continental level. We should bet on things capable of building an economy that brings social changes and reduces imbalances throughout the country,” he advised.

According to the Ministry source, investment in the industrialisation of the Country will decrease imports and increase exports, creating more jobs and bringing prosperity to remote areas.

“The development of industry requires expansion of energy, which is one of the factors of transformation and which adds value to mineral resources, thus attracting several businesspeople, both national and foreign,” he said.

Vales noted, however, that “the industrialisation process also requires the creation of world-class educational institutions and the development of skills in the areas of science and technology,

“The world continues to be marked by globalisation driven by technological modernisation. Therefore, we have the challenge of producing and creating availability of quality, clean and sustainable energy with a view to attracting investments,” he stressed.

Organised by the Mozambican Association for Local Content (ACLM), the Mozambique Energy and Industry Summit began last week in the city of Pemba, Cabo Delgado, where it was held for two days (30 and 31 May). It is now in the city of Maputo, for a period of three days (June 6, 7, and 8), where it brings together several businessmen linked to energy and industry, members of the Government and the general public interested in the matter.

SUBSCRIBE TO GET OUR NEWSLETTERS:

See Also

SUBSCRIBE TO GET OUR NEWSLETTERS:

Scroll To Top

We have detected that you are using AdBlock Plus or other adblocking software which is causing you to not be able to view 360 Mozambique in its entirety.

Please add www.360mozambique.com to your adblocker’s whitelist or disable it by refreshing afterwards so you can view the site.