IFC signs deal to support 1.5 GW hydropower project in Mozambique

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The International Finance Corporation (IFC) and the Ministry of Mineral Resource and Energy (MIREME) of Mozambique have entered into a collaboration to develop a 1,500 MW hydroelectric power project and its associated transmission facilities on Zambezi River, Mozambique. 

The Hydropower Project will have the capacity to supply power to meet the growing domestic demand in Mozambique and transform the country into a regional energy hub. The rest of the project's output is expected to be exported to neighboring countries, including South Africa. IFC will work with the government to structure the project, with the goal to help mobilize competitive private investment, reaching commercial operation for the port. IFC will be responsible for the review of technical design, environmental safeguards, as well as commercial and financial structuring.

The estimated US$4.5 billion project will include a dam, a power station, and a high voltage transmission infrastructure of 1,300 km from the project site in Tete Province to Maputo, Mozambique's capital. The project is scheduled for completion in 2031.

List of the country updates

Country updates

  • March 10, 2022

    RFQ announced for Mphanda Nkuwa Hydroelectric PPP project

    The Government of Mozambique has launched a request for qualification (RFQ) seeking private partner for the development of Mphanda Nkuwa Hydroelectric project in Tete province. The project involves t...

    Read more
  • January 18, 2021

    MoU signed for solar power plant PPP in Mozambique

    Syrah Resources Ltd and unit of Solarcentury has signed a memorandum of understanding (MoU) to develop a hybrid solar power plant at graphite operations plant located in Balama, Mozambique....

    Read more
  • August 23, 2019

    ANE to grant five road projects to private sector

    The National Roads Administration (ANE) in Mozambique is set to grant five national roads to the national or foreign private partner. The ANE will seek maintenance and quality improvement of the...

    Read more
  • January 02, 2019

    Neoen signs contract for solar concession in Mozambique

    Neoen has reportedly signed a concession contract with the Mozambican government for the construction of a solar power plant in the north of the country. The estimated cost of construction of the pow...

    Read more
  • July 12, 2018

    Concession of the port of Beira, Mozambique, extended for 15 years

    The Mozambican government has granted a 15-year extension to Cornelder de Moçambique for the concession contract for the operation of the port of Beira, located in Sofala Pr...

    Read more

Share this update