Mozambique targets 200MW solar power by 2024
Mozambique is looking to boost its solar power generation to 200 megawatts by 2021. According to Marcelino Alberto, the CEO of Mozambique's state-owned energy company, the recent increase in the country’s electricity tariffs is almost cost-reflective.
Thu, 26 May 2022 13:56:36 GMT
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AI Generated Summary
- Mozambique plans to increase its solar power generation capacity to 200 megawatts by 2024, as part of a strategy to harness its renewable energy potential and ensure a sustainable power supply for the nation.
- The state-owned energy company in Mozambique has undergone significant transformation and reforms since 2016, leading to improved profitability and operational efficiency, as well as gradual adjustments to electricity tariffs to reflect costs more accurately.
- To support the growth of the energy sector, Mozambique is focusing on enhancing its transmission infrastructure, connecting different regions within the country and establishing interconnections with neighboring countries to facilitate the exchange of electricity and optimize resource utilization.
Mozambique, a country blessed with abundant renewable resources such as solar and wind energy, is making strides in boosting its solar power generation. In a recent interview with Marcelino Alberto, the CEO of Mozambique's state-owned energy company, it was revealed that the nation has already developed 82 megawatts of solar power and has set ambitious targets to increase this capacity to 200 megawatts by 2024. This move is part of Mozambique's broader strategy to enhance its energy infrastructure and ensure sustainable power supply for its growing population. The CEO highlighted the transformation and reforms undertaken by the company since 2016, leading to increased profitability and a more efficient operational structure. Mozambique has also successfully managed to adjust electricity tariffs gradually to be more cost-reflective, positioning itself for future sustainability and attracting new investments in the energy sector. One of the key objectives is to improve the country's transmission infrastructure, connecting different systems and neighboring countries to leverage its abundant resources and enhance regional energy cooperation. With ongoing partnerships with development banks and financial institutions, Mozambique is mobilizing resources to support its long-term investment plans aimed at achieving energy security and promoting economic growth.
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