Thursday
October 20
2022

Mozambique Receives $2.5 Million Grant from African Development Bank to Develop Renewable Energy Resources

By Oluwasegun Olukotun

The African Development Bank (AfDB) has approved a grant of $2.5 million to the Mozambican government to develop renewable energy resources.

Made available by the Sustainable Energy Fund for Africa (SEFA), the grant will be administered by the Bank to implement the Mozambique Renewable Energy Integration Program (MREP).

Dr. Daniel Schroth, Director of the African Development Bank’s Renewable Energy and Energy Efficiency Department said, “With the support of the Sustainable Energy Fund for Africa, Mozambique’s capacity to integrate larger shares of variable renewables will increase its efforts to become a major regional electricity supplier. Given that Mozambique is one of the most highly climate-vulnerable countries in the world, the project will help build a more sustainable and resilient power generation infrastructure.”

The funding will assist the national electricity company to provide financial support for technical, economic, environmental and social feasibility studies for the development of a solar floating power plant in Chicamba reservoir. In addition, it will support funding for a feasibility study for Energy Battery Systems Storage in up to 10 sites, as well as capacity building for EDM´s personnel; and support for tender preparation.

Photo courtesy of Karsten Würth.

Source: Innovation Village (link opens in a new window)

Categories
Energy
Tags
electricity, energy access, renewable energy, sustainability