Mozambique’s discovery of the 4th largest gas reserves in the world, coupled with an estimated $12 billion worth of power projects in the pipeline and steady economic growth of 8% a year, makes the country one of the most exciting and lucrative power investment destinations in the world.
Most recently, ACWA Power Moatize Termoeléctrica announced the development of a thermo-electric power station in Mozambique’s Tete province with an estimated cost of $1 billion, and the Japanese government announced it is to grant Mozambique a loan of $167 million to build a gas fired power station in Maputo. For more information, please look at the 3rd Annual Powering Africa: Mozambique.
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