131 million dollars approved for electricity projects

Maputo, 16 Apr (AIM) – The Mozambican publicly-owned electricity company, EDM, has announced the approval of financing totalling 131 million dollars from the World Bank for the implementation of the Project aimed at Accelerating the Transformation of Access to Clean and Sustainable Energy (ASCENT project).

Of the amount approved, 117 million dollars will be managed by EDM, while the rest will be allocated to components led by the National Energy Fund (FUNAE) and the Ministry of Mineral Resources and Energy (MIREME).

This initiative, which is part of the third phase of the “Energy for All’ Project”, is aimed at ensuring universal access to electricity in Mozambique by 2030.

The first phase of the project will connect around 146,000 new consumers to the grid, benefiting approximately 700,000 people in Maputo, Sofala, Manica, Tete, Zambézia and Nampula provinces.

“With this funding, it will be possible to significantly expand the National Electricity Grid. It is planned to build 3,300 kilometers of low-voltage network, 2,200 kilometers of medium-voltage network and install 2,200 transformers”, reads the announcement.

Funding will be channeled through the International Development Association (IDA), in close collaboration with the Mozambican government. The project’s preparatory and operational activities have already begun, and the physical execution of the work is scheduled to begin in 2026.
(AIM)
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