EU expects to mobilize more than 1 billion euros for the energy sector in Mozambique
The European Union (EU) expects to strengthen the energy sector in Mozambique with a financial inflow of over one billion euros. This bet serves to improve the quality and autonomy of the African country’s energy.
António Sánchez-Benedito Gaspar, EU ambassador to Mozambique, made the EU’s commitment to launch the Renewable Energy Auctions Program (Proler) in Maputo. “The European Union contributes more than 180 million euros in this sector and it is estimated that it will leverage public and private funds that could total more than one billion euros”, he said.
The ambassador also said that the EU will shortly announce significant financial support for the access of Mozambican families to the electricity grid, as well as a program to reduce technical and commercial losses in the network of the public company Eletricidade de Moçambique (EDM).
Gaspar believes that “all of these initiatives should contribute to improving energy security in Mozambique”.
This reinforcement in the infrastructures that supply electricity will have a great impact not only in the energy sector. The impact extends to other services, such as education, health, water supply and sanitation, generating employment, quality of life and economic empowerment for women.
The EU ambassador in Maputo also pointed out that Mozambique’s energy development is aligned with the actions advocated in the European Green Pact, which aims to neutralize carbon dioxide emissions in Europe by 2050, with a 55% reduction in emissions by 2030 .
Gaspar assumes that, in order to achieve this objective, the “promotion of renewable energies” is fundamental.
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