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Mozambique aims to attract funding to tap its great energy potential, especially in the production of hydroelectric and renewable energy, thus contributing to the implementation of the national and regional energy agenda.

The Minister of Economy and Finance, Max Tonela, said the country already exports more than 1,000 MW of energy and is investing in energy transfer capacity. However, despite Mozambique's great energy potential, around 560 million people in Southern Africa still have no access to electricity, representing both a challenge and an opportunity for the country.

To make the most of this energy potential, Mozambique is working on electrification infrastructure projects with neighbouring countries, such as South Africa, Zimbabwe and Eswatini, as well as other Southern African Power Pool (SAPP) networks, ensuring the supply of energy to states that are not directly connected to the country.

The Mozambican Government aims to complete renewable energy and natural gas projects with a capacity of 975 MW by 2024, involving public-private partnerships. The Government's objective is to invest about 34 billion US dollars in generating more than 3,000 MW by 2030 and a further 11,000 MW by 2043, which would allow the region to have lower-cost energy.

To achieve these goals, it is important to work with financial institutions that have expertise and experience in renewable energy and natural gas processes. The World Bank Group is one of the institutions that could help Mozambique raise funding for energy projects.

Recently, the Minister of Economy and Finance, Max Tonela, discussed with the South African Executive in Washington Mozambique's role in devising a solution to the energy crisis affecting South Africa. The South African government views Mozambique's proposal favourably, considering it interesting and fabulous, as it could purchase energy produced by the country.

Although lack of access to electricity is still a problem in the region, the Mozambican Government has a clear vision for the future of energy in the country and the region. With the right investments, Mozambique could contribute significantly to energy security and sustainability in the region, providing cheaper and more affordable energy for millions of people who currently live without it.