Mozambique seeks to turn Tete’s energy into industry
By the AFREEQUE newsroom, based on Redactor (Mozambique)
Bank of Mozambique governor Felisberto Navalha calls for Tete’s energy resources to be converted into reliable, accessible electricity to support industrialisation. He cites coal, hydropower, water and solar as sources of competitiveness, according to Redactor.
Bank of Mozambique governor Felisberto Navalha called on Friday 30 October for Tete province’s energy potential to be transformed into sufficient, reliable and accessible electricity to support industrialisation. He was speaking at the opening of the central bank’s 51st public session of the Consultative Council, devoted to the ways Tete’s energy could be harnessed to strengthen Mozambique’s energy security, Redactor reports.
Felisberto Navalha cited coal reserves, the Cahora Bassa hydroelectric power station, and the province’s water and solar resources. He also highlighted Tete’s location, which can facilitate supply to the Mozambican market and the region’s landlocked countries.
The session included the presentation of a study on opportunities and obstacles related to Tete’s energy resources. Representatives from public institutions, the financial sector, businesses, academia and civil society took part in the discussions, according to Redactor.
A Bank of Mozambique delegation also visited mining company Vulcan International, the Canelfood industrial abattoir and the Mozambique Explosives Factory. The visits are intended to help the central bank gather information about difficulties faced by businesses and households that are not always reflected in macroeconomic statistics.
The discussion builds on ambitions outlined in an earlier initiative to turn Tete’s energy into industrial investment in Mozambique, announced on 8 October in a project focused on Tete.
