Maputo, 12 May (AIM) – The Italian engineering company Renco has invested over 155 million Euros (182.1 million US dollars at the current exchange rate) in the Mozambican market since the start of its operations in 2012, establishing itself as one of the most significant private investment forces in the country.
According to Pier Evangelista, Renco’s director in Mozambique, interviewed by AIM, the company currently employs around 2,000 workers in the areas of energy, logistics, construction, and urban infrastructure. 1,700 of these workers are based in the northern province of Cabo Delgado.
“During these 14 years of operation, we have grown exponentially. Currently, we operate throughout the country, but primarily in Cabo Delgado. The company is committed to sustainable development and social stability. We have never had a clash with the population. This is due to our ability to dialogue, to explain, and then to do what we promised in terms of investments”, he said.
With operational headquarters in Maputo and Cabo Delgado, and a new office recently opened in Nacala, Northern Province of Nampula, Renco is expanding its national presence while operating in some of the most relevant ongoing projects in the country.
One of the most ambitious private investments currently being carried out by Renco is the Mecufi Solar Power Plant, in Cabo Delgado, valued at approximately 30 million Euros.
The project, developed in partnership with Mozambican private investors and the state-owned electricity company, EDM, is expected to become operational in December 2026 and will inject approximately 20 megawatts of clean energy into the national electricity grid, reinforcing the energy security of the Northern region.
“It’s a project that we expect to finish by December 2026 and that will add about 20 megawatts of power to the national grid. The project will have a direct impact on the country’s energy supply. The construction of the power plant is already employing around 130 direct workers in the Mecufi region, creating opportunities for specialized technical training in an area considered strategic for Mozambique’s energy future”, Evangelista said.
In addition to the energy impact, the project is particularly important in a province marked by humanitarian and security challenges, also acting as a catalyst for local economic development.
The company is also leading a structuring project in Pemba Bay Terminal (PBT), an infrastructure considered strategic for the logistical development of the natural gas industry in Cabo Delgado.
With a private investment of approximately 70 million Euros, the terminal began operations in 2020, after construction started in 2019.
“The project began in 2020. Construction started in 2019. It is a port terminal concessioned to the Pemba Bay Terminal Company, a state asset, although it is financed exclusively with private funds”, he explained.
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