What is EDM doing in Mozambique?

EDM and Mozambique support the development of renewable energy projects, having launched public tenders for solar and wind projects, the country is also exploring battery storage solutions. The largest power generation plant in the country is the Cahora Bassa hydro dam, operated by the government owned Hidroeléctrica de Cahora Bassa (HCB).

Why is Mozambique a major energy exporter?

Mozambique is a net exporter of energy to countries in the Southern African Power Pool (SAPP) – South Africa being the largest importer. The government view energy exports as a key driver of the Mozambican economy, having passed a new electricity law that simplifies permitting and encourages IPPs activities.

When did independent power projects start in Mozambique?

The first Independent Power Projects (IPPs) in Mozambique came online in 2015. These projects have paved the way for future IPP negotiations and, more recently, the standardization of tendering documents. Given EDM’s weak financial capabilities, future IPPs will continue to rely on development banks for financing.

What is Globeleq's first greenfield project in Mozambique?

The US$36 million Cuamba Solar plant is also Globeleq’s first greenfield project in Mozambique and the Group’s first combined solar and storage plant in its operating portfolio.

Will gas-based generation increase in Mozambique in 2025?

According to BMI Research, gas-based generation is expected to increase by 18.1% annually through 2025. Mozambique’s first utility-scale solar power plant, a photovoltaic plant with a capacity of 40MW, was commissioned in Zambezia Province in 2019.

What does EDM's project mean for Mozambicans?

EDM’s Chairman, Marcelino Gildo Alberto observed: “ This project represents a demonstration of the company’s effort in the search for sustainable solutions to accelerate access to energy for Mozambicans in a sustainable and accessible way.