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The recent approval of plans to set up a Mozambique Sovereign Fund (Fundo Soberano de Moçambique or FSM) by President Filipe Nyusi’s cabinet adds to the growing number of sovereign wealth funds (SWFs) across the continent. The move has been lauded by the International Monetary Fund’s Public Financial Management Blog, which examined the fund's structure and role.

Mozambique
Subscriber

Slow progress at some of sub-Saharan Africa’s most high-profile LNG developments come as exporters from other parts of the world race to sign new long-term deals with buyers from Asia and Europe. The risk for African producers is that they could miss out on lucrative opportunities, costing governments large amounts in lost foreign earnings, writes Marc Howard*.

Mozambique | Egypt | Mauritania | Algeria | Tanzania | Morocco | Senegal
Subscriber

CFM’s appointment to manage the Southern African Power Pool ’s $1.3bn Regional Transmission Infrastructure Financing Facility could free up a decades-long blockage in the development of cross-border transmission infrastructure. How quickly this happens depends on the success of fundraising efforts in the coming months, and the willingness of utilities and finance ministries to make the RTIFF scheme work.

Mozambique | Botswana | Angola | Namibia | Malawi | Zambia | Zimbabwe | South Africa
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Commercial operations for the $127m Mozambique-Malawi (Moma) transmission interconnection project has been delayed, a source with knowledge of the project told African Energy. The delay to the Moma link into the Southern Africa Power Pool comes after a previous hold-up from demining complications, while other milestones remain to be met for the long-awaited regional interconnection scheme.

Mozambique | Malawi
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Construction is expected to restart in mid-2024 at Mozambique LNG, with a revived financing package expected to be put in place after nearly three years of force majeure, and as the adjacent Rovuma LNG project is also resuming work.

Mozambique
Subscriber

A Franco-Japanese consortium of TotalEnergies, EDF and Sumitomo Corporation has signed joint development and framework agreements for Mozambique’s long-delayed 1.5GW Mphanda Nkuwa hydroelectric power plant.

Mozambique
Subscriber

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.

Mozambique
Subscriber

UAE-based players have used COP28 to commit – and recommit – to projects that could supply over 12GW of renewables capacity across Africa. Emiratis argue this displays a willingness to push projects forward and shoulder risk, while others have failed to deliver – and if critics complain they are also prominent in the oil lobby, Abu Dhabi can counter that the UAE has assumed a leading role in enabling Africa’s energy transition.

Kenya | Mozambique | Egypt | DR Congo | Angola | Mauritania | Uganda | Djibouti | Zambia | Congo Brazzaville | Senegal | Côte d'Ivoire
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ExxonMobil has provided an update on the expected start date for front-end engineering and design (Feed) work on the 18m t/yr Rovuma liquefied natural gas (RLNG) development in Cabo Delgado. The United States supermajor also said it was undertaking a security assessment in partnership with TotalEnergies, as it targets an exit from force majeure.

Mozambique
Subscriber

Seven plaintiffs have filed a criminal complaint with Paris prosecutors against TotalEnergies, accusing the French major of negligence and indirect manslaughter during the March 2021 attack on Palma by Islamist insurgents.

Mozambique
Subscriber

Reports suggest Italian major Eni expects to reach a final investment decision (FID) for its Coral Norte floating liquefied natural gas (FLNG) plant by June 2024. The 3.4m t/yr Coral Sul development dispatched its first LNG cargo last November, supplied by six subsea wells drilled in the Coral field.

Mozambique
Subscriber
Project bulletin

Graphite miner and processor Syrah Resources said on 11 October that it had commissioned the solar PV plant at its Balama mine in Cabo Delgado, Mozambique. The solar plus storage unit is expected to displace some 30% of diesel usage at the pre-existing diesel-fired plant.

Mozambique
Subscriber

Momentum continues to build for the two large export-oriented liquefied natural gas projects on Mozambique’s Afungi peninsula. TotalEnergies has confirmed longstanding speculation that work will resume at Mozambique LNG this year, while ExxonMobil is aiming for a final investment decision on its Rovuma project in 2025 – underpinned by the continuing role of foreign security forces in Cabo Delgado, writes Marc Howard.

Mozambique
Issue 491 - 18 September 2023

Mozambique: Cuamba solar plant commissioned

Free
Project bulletin

The Cuamba solar PV plant, which includes 2MW/7MWh of battery energy storage, has started commercial operations, according to developer Globeleq.

Mozambique
Free

Indian parastatal ONGC Videsh, holder of a 16% net interest in the TotalEnergies-operated Mozambique liquified natural gas (MLNG) development, has provided an update of when it expects force majeure at the 13.1m t/yr project to be lifted.

Mozambique