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Mozambique’s Electricity Exports Increased by 9% in 2023

Mozambique’s Electricity Exports Increased by 9% in 2023

The public company Electricidade de Moçambique (EDM) revealed that the energy exported by the country to neighbouring countries grew by 9% in 2023, compared to 2022, rising from 1730 GigaWatt-hours (GWh) to 1891 GWh.

‘Our performance in the southern African region is very encouraging. Gradually, we are consolidating the objective of making Mozambique the regional energy hub,’ said the organisation’s report and accounts, released on Friday (17) by Lusa.

The document also adds that ‘last year, there was an increase in energy sales to Botswana, and the process of collecting the debt owed to the Zambia Electricity Supply Corporation (ZESCO), totalling 22 million dollars, was also successfully concluded’.

EDM recently reported that in 2023 it recorded positive net results of around 4.8 billion meticals.

According to a statement from the institution, the performance was approved at the Ordinary General Meeting, which also appreciated the increase in the company’s turnover by 14 per cent, from 46.8 billion meticals in 2022 to the current 53.1 billion meticals in 2023.

The company explained that the Expansion of the National Electricity Network (REN) and Massification of New Connections projects have ensured that a further 395,732 new consumers will benefit from electricity for the first time, including the communities of 11 administrative centres. In effect, the number of EDM customers rose from 2.9 million in 2022 to 3.2 million in 2023, representing growth of 9 per cent.

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