2019/06/24 08:34:33 Source: Cable Network Share to:
[Cable Network News] The World Bank Group has approved $420 million in assistance to strengthen Mozambique's power transmission system. The assistance will be distributed through private sector investment to promote the modernization of the Mozambique transmission system. At the same time, this assistance will also help expand the country's energy generation capacity.
In addition to World Bank assistance, the project will receive a $24 million grant from the Norwegian Trust Fund.
Mozambique will use the funds to aid the development of the Temane Regional Power Project (TREP), which includes the construction of a 563-kilometer high-voltage line between the capitals Maputo and Vilanculos/Temane.
Not only that, but the plan also includes the construction of a 400 MW combined cycle gas power plant in Temane.
“In addition to improving transmission and generation capabilities, TREP will also fund technical research to support regional power integration and renewable technologies in power system planning and operations. It will also support research in the power sector investment program, including Mozambique in regional trade. The role of the project, senior energy expert and task force leader Zayra Romo said.
“This is also the basis for developing Mozambique’s domestic electricity system, expanding energy supply, ensuring a safe, affordable and sustainable electricity supply, and is one of the key drivers of Mozambique’s economic and social development”, Mark R. Lundell, Head of the World Bank Mozambique project Say. .
“The Temane project is key to increasing the opportunities for power trading between countries in the SAPP (South African Power Union). Although the subregion is rich in energy resources, the lack of cross-border interconnection remains a major constraint. The power systems and More comprehensive integration of electricity trade can save $42 billion in investment and operating costs by 2040. The Bank is committed to helping Southern Africa achieve these potential savings,” the World Bank's regional integration project for Africa, the Middle East and North Africa Deborah Wetzel said.
(This article is the first cable network www.cableabc.com.)