{"id":279834,"date":"2025-07-21T11:40:14","date_gmt":"2025-07-21T11:40:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/279834\/"},"modified":"2025-07-21T11:40:14","modified_gmt":"2025-07-21T11:40:14","slug":"20-billion-comeback-and-a-5billion-dam-could-supercharge-mozambiques-economy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/279834\/","title":{"rendered":"$20 billion comeback and a $5billion dam could supercharge Mozambique\u2019s economy"},"content":{"rendered":"

\n After years of delay, the government of Mozambique appears poised to restart the $20 billion liquefied natural gas (LNG) project led by TotalEnergies, while also securing World Bank financing for the largest hydropower project in Southern Africa in 50 years.\n <\/p>\n

\n The development, which began in 2010 following the discovery of a massive offshore natural gas deposit, received final investment approval in 2019.\n <\/p>\n

\n However, development was halted in 2021 due to a wave of violent attacks by Islamist extremists near the project’s site, prompting the French energy giant to suspend the initiative over safety concerns.\n <\/p>\n

\n \u201cWe have the small problem of jihad, terrorism,\u201d the president of Mozambique Daniel Chapo disclosed.\n <\/p>\n

\n In an earlier interview with Bloomberg<\/a> in Spain, the president said that while the region is more stable than four years ago, it isn\u2019t \u201cheaven,\u201d but urged a restart nevertheless.\n <\/p>\n

\n President Daniel Chapo indicated that negotiations with TotalEnergies CEO Patrick Pouyann\u00e9 are proceeding and that an agreement is expected to be reached soon.\n <\/p>\n

\n \u201cI was with Mr. Pouyanne two weeks ago, and things are going well,\u201d Chapo said. \u201cIn August, we will close our talks\u201d about when to restart the project, the president added.\n <\/p>\n

\n With security in the region greatly improved, TotalEnergies plans to restart construction of the LNG project later this summer.\n <\/p>\n

Mozambique\u2019s plan to generate electricity for 300 million people, and the World Bank\u2019s assistance<\/p>\n

\n Additionally, Mozambique is looking forward to a future of sustainable energy in addition to LNG, according to a separate Bloomberg report<\/a>.\n <\/p>\n

\"Mphanda <\/p>\n

\n In an interview with the World Bank President Ajay Banga, it was revealed that the global lender plans to offer assistance for the $5 billion Mphanda Nkuwa hydroelectric project<\/strong><\/a> on the Zambezi River, and a related $1.4 billion power transmission project.\n <\/p>\n

\n The dam, which has a planned capacity of 1,500 megawatts, is scheduled to be operational by 2031. It will be supported by a $1.4 billion power transmission project.\n <\/p>\n

\n The objective is to deliver electricity connections to 300 million people in sub-Saharan Africa by 2030, considerably boosting access in an area where more than 80% of the world\u2019s 680 million people without the energy source dwell.\n <\/p>\n

\n \u201cWe want to be the hub of energy in our region, the Southern African Development Community,\u201d Mozambique\u2019s president stated.\n <\/p>\n

\n Mphanda Nkuwa is being developed via a partnership between the Electricit\u00e9 de France SA, TotalEnergies SE, and Sumitomo Corp.\n <\/p>\n

\n The Mozambican government and its Hidroel\u00e9ctrica de Cahora Bassa firm will own holdings.\n <\/p>\n","protected":false},"excerpt":{"rendered":"After years of delay, the government of Mozambique appears poised to restart the $20 billion liquefied natural gas…\n","protected":false},"author":2,"featured_media":279835,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-279834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114891038787435432","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/279834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=279834"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/279834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/279835"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=279834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=279834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=279834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}