Mozambique building “sustainable energy sector”

Mozambique intends to build “a modern, sustainable and competitive energy sector, capable of driving the economic transformation of our country and contributing to the energy security of the region and the world”, declared President Daniel Chapo in Brussels on Tuesday. Opening the “RENMOZ in Europe Business Forum”, Chapo said the meeting “is sending a powerful message. It is a clear sign of an ambition to transform potential into investment, investment into economic growth and growth into social progress”.

Chapo stressed that Mozambique has abundant energy resources, including “vast hydro-electric resources, enormous solar and wind potential and important reserves of natural gas”. This combination “makes Mozambique a strategic partner for the energy security of southern Africa”. Chapo noted that currently Mozambique exports 1,200 megawatts of electricity to other southern African countries and is becoming “a relevant actor in the global market for liquefied natural gas”.

All this, he added, is creating “solid bases for sustainable economic growth”, and “concrete opportunities for investment partnerships”. “We believe deeply that energy is one of the pillars of Mozambique’s economic independence – an energy that drives industrialisation, creates good quality jobs, and strengthens competitiveness”, he added. “This transformation requires more than natural resources”, Chapo added.

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“It requires leadership. It requires capital. Above all, it requires solid and lasting strategic partnerships”.

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