• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Mozambique: African development bank approves $43.6 million for transmission line project

Simon Osuji by Simon Osuji
May 22, 2025
in Energy
0
Mozambique: African development bank approves $43.6 million for transmission line project
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, approved a $43.6 million investment to support the construction of the Namaacha–Boane transmission line in Mozambique.

This funding, comprising $33.2 million from the ADF and $10.4 million from its Climate Action Window, aims to support the transmission of 332 gigawatt-hours of clean wind energy annually from the 120 MW Namaacha Wind Farm, located 50 km west of Maputo. 

It is a dedicated fund that supports 37 low-income African countries with climate-resilient infrastructure to meet their commitments under the Paris Agreement.

The Government of Mozambique is also contributing to the project.

The project aligns with Mozambique’s ambition to become a regional energy hub through the Southern African Power Pool (SAPP).

“This investment strengthens the backbone of Mozambique’s power system while accelerating access to clean energy for people who need it most,” said Wale Shonibare, Director of the Bank’s Energy Financial Solutions, Policy, and Regulations Department.

The project implementation plan

Mozambique’s national utility, Electricidade de Moçambique (EDM), will execute the project in collaboration with Central Eléctrica da Namaacha (CEN), a private-sector-led entity involving Globeleq Africa Limited and Source Energia. 

The initiative includes constructing two 43-kilometer, 66-kilovolt single-circuit transmission lines, alongside network upgrades to ensure stable power delivery.

The Namaacha–Boane transmission line will enhance energy access across Mozambique and Southern Africa, reducing reliance on hydropower and gas.

In addition, the project is expected to cut CO₂ emissions by approximately 71,000 tons annually and bolster the regional trade in energy within the Southern African Power Pool.

Once operational, the project will support thousands of new electricity connections in rural and underserved communities.

“This project is a major step forward in Mozambique’s transition to a low-carbon energy future.”

“It will deliver affordable electricity, support local industry, and improve livelihoods,” says Kevin Kariuki, the Bank Group’s Vice President for Power, Energy, Climate, and Green Growth.

Related



Source link

Related posts

Sonangol seeks $4.8 billion China loan for Lobito refinery

Sonangol seeks $4.8 billion China loan for Lobito refinery

February 26, 2026
Eterna Plc Launches Self-Service Fuel Stations in Partnership with Fuelmetrics Limited

Eterna Plc Launches Self-Service Fuel Stations in Partnership with Fuelmetrics Limited

February 26, 2026
Previous Post

Working in the Permian Basin comes at a high cost

Next Post

USDC on HBAR Spikes 2,150% as XRP Gains Momentum

Next Post
USDC on HBAR Spikes 2,150% as XRP Gains Momentum

USDC on HBAR Spikes 2,150% as XRP Gains Momentum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Octa broker’s premium trading experience

Octa broker’s premium trading experience

8 months ago
The goal of a startup is to cease existing

The goal of a startup is to cease existing

2 years ago
Internet usage in Nigeria dips as tariff cost spikes

Internet usage in Nigeria dips as tariff cost spikes

9 months ago
Anyone wrestling with money’s influence on art has 800 years of company

Anyone wrestling with money’s influence on art has 800 years of company

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.