EDM gets $2.5 M grant to support renewable energy in Mozambique
Mozambique: The African Development Bank has approved a grant of $2.5 Mt o increase renewable energy in Mozambique.
Image source: ESI Africa
Mozambique: The African Development Bank has approved a grant of $2.5 Mt o increase renewable energy in Mozambique.
The grant the ADB approved through its Sustainable Energy Fund for Africa (SEFA) will be used to implement the Mozambique Renewable Energy Integration Program (MREP).
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.
EDM Chairman Marcelino Gildo Alberto said they are excited to launch the activities under the Sustainable Energy Fund for Africa in Mozambique, “which comes with a set of very strategic and innovative projects, which will contribute to diversify the energy matrix ad fund a study on storage needs, which will enable the development of more renewable energy projects,.
“The support under SEFA also includes a robust capacity building programme, which will enable our personnel to develop strategic skills related to the development and management of renewable energy projects,” said Alberto.
The donation will also be used to conduct studies to increase the share of variable renewable energy production in Mozambique’s energy mix. Feasibility studies to develop floating photovoltaic solar energy will be conducted in existing EDM hydropower assets.
Source: ESI Africa
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