Africa50 Mozambique signing

Mozambique: Africa50 to develop three solar PV plants

Issue 497 - 13 Dec 2023 - By Tonderayi Mukeredzi | 1 minute read

Casablanca-based infrastructure financier Africa50 has signed a memorandum of understanding (MoU) with state power company Electricidade de Moçambique (EDM) to develop three solar photovoltaic plants and a series of transmission projects.

Africa50 said it planned to develop the projects under the $4.5bn ($236m) Africa Green Investment (AGI) initiative announced on 11 December at the COP28 climate change summit in Dubai.

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