Eskom Holdings SOC Ltd. is considering buying electricity from a Karpowership plant to be located off Mozambique, after refusing to sign agreements to buy power from facilities that the Turkish company plans to dock off the South African coast. The South African utility is in negotiations with Electricidade de...
South Africa's Minister of Mineral Resources and Energy, Gwede Mantashe, today reiterated Pretoria's commitment to the "longevity" of coal and the purchase of Turkish emergency energy to fill the electricity crisis. "Coal will be with us for many years to come," said the South African leader at the opening of an international conference on...
Yesterday, in the presence of the Minister of Mineral Resources and Energy, the Norwegian and Swedish embassies signed new agreements with the World Bank to support Phase II of the Mozambican government's "Energy for All" Program (Proenergia), worth a total of 33.5 million dollars. This second phase of Proenergia will involve...
Between tomorrow and Saturday, Eletricidade de Moçambique (EDM) will restrict the power supply in various parts of Maputo province and city, in order to carry out preventive maintenance work on its infrastructure. In a statement to which we have had access, EDM said that tomorrow the neighborhoods of George Dimitov, Laulane, 3...
The Tete-Maputo electricity transmission line will be managed by Sociedade Nacional de Transporte de Energia, SA (STE), whose corporate identity and institutional image was presented this Monday in Maputo. The company, which is solely owned by Electricidade de Moçambique (EDM) under the National Energy Strategy, is in charge of managing a line...
Hidroeléctrica de Cahora Bassa (HCB) has earned a little over 1.4 billion Meticais in the last three years, as a result of selling energy to national companies in the sector. The information was announced yesterday by the President of the Republic, Filipe Nyusi, during the gala celebrating 15 years since HCB was...
Mozambique's Energy Regulatory Authority (ARENE) has pointed to the lack of specific regulations as one of the factors preventing mass investment in energy production outside the national grid. According to the Chairman of the Board, Paulo da Graça, in order to fill this gap, last year the government approved a decree on...
Mozambique is seeking business partnerships in the areas of tourism, agribusiness, mineral resources and energy with Nigeria. The Minister of Industry and Trade, Silvino Moreno, reiterates that the bilateral business forum that kicked off last Thursday will broaden economic cooperation between the two countries. Nigeria's investment in Mozambique between 2016 and...
Global economic growth is slowing more than was forecast a few months ago due to Russia's invasion of Ukraine, with energy and inflationary crises risking turning into recessions in major economies, the OECD said Monday. Although global growth this year was still expected at 3.0%,...
Russian President Vladimir Putin threatened Wednesday to suspend all energy shipments to Europe if Brussels moves forward with a proposal to cap the price of Russian gas. This would be the last Western step to deprive the Kremlin of funds to finance the war. "We will not supply gas, oil, coal, heating oil -...