Natural Gas World
  • Natural Gas News

    Macauhub: Mozambique’s Energy Sector Sees Investments of US$3.2 Billion in 2014

    old

Summary

The Mozambican energy sector received massive investments last year as the government gears up for increased exploration efforts from multinationals

by: Erica Mills

Posted in:

Press Notes, Africa

Print This Article

Macauhub: Mozambique’s Energy Sector Sees Investments of US$3.2 Billion in 2014

The Mozambican energy sector received the largest amount of in investment in 2014 in projects through the Mozambique Investment Promotion Centre (CPI), attracting over US$3.238 billion for just five projects.

The CPI data showed that the sector accounted for 45.6 percent of total investments approved by the government agency, which reached US$7.102 billion for 487 projects.

At a cost of US$1.072 billion, the Lupata Hydroelectric Dam on the Zambezi River was the biggest single investment, originating in Mauritius, followed by the ACWA Power Moatize thermoelectric plant, in Tete province, expected to cost US$907.7 million, invested by the United Arab Emirates.

Read the full article HERE.

Related Articles