Mozambique showcases its enormous energy potential to investors in Abu Dhabi

Mozambique's energy potential and its vast development projects were highlighted this Monday in Abu Dhabi. The President of the Republic, Daniel Francisco Chapo, presented the country's investment opportunities at a High-Level Meeting, on the sidelines of the Sustainability Week in the capital of the United Arab Emirates.

During his speech, the statesman began by highlighting the robust portfolio of projects in the natural gas sector, led by global giants. Currently, the country has four major structuring megaprojects: the Italian company ENI is developing the Coral Sul and Coral Norte projects in Cabo Delgado, valued at approximately 15 billion dollars; while Total Energies and Exxon Mobil are leading ventures of approximately 20 billion dollars each. In total, a global investment of over 50 billion dollars is estimated, the impact of which will boost the national economy in the coming years.

Alongside fossil fuels, the Head of State emphasized Mozambique's strong commitment to the energy transition and its investment in renewable sources. In addition to the already established Cahora Bassa Dam, the Government is preparing to move forward with the construction of the Mphanda Nkuwa hydroelectric power plant in Tete, with a planned capacity of 1,500 megawatts and completion scheduled for 2031. This project is complemented by the construction of the Cahora Bassa North power plant, with a capacity of 400 megawatts, whose completion is scheduled for 2032.

Regarding natural gas, President Chapo stated that the National Hydrocarbons Company (ENH) is actively seeking partners for new processing units. The objective is clear: to meet the growing regional demand from countries such as South Africa, Malawi, Zimbabwe, Zambia, and Eswatini, thus consolidating Mozambique's role as a strategic energy supplier for the entire Southern African Development Community (SADC).

Finally, reaffirming the country's position as a safe and competitive destination, President Daniel Chapo reiterated the invitation to international investors, emphasizing that Mozambique is open to partnerships that generate growth, opportunities, and sustainable development.