- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
- Africa: BW Offshore wraps up much-anticipated sale of Nigerian FPSO
- Senegal: European JV aims to revolutionize country’s power infrastructure
- Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’
- Aramco CEO calls for ‘more realistic and robust’ multi-source plan in global energy transition
Mozambique Energy: Brazilian loan approved for Moamba-Major Dam
The Mozambican government has approved a resolution to contract a US$320 million loan to build the Moamba-Major Dam in the Incomáti River Basin of Maputo province, the spokesman of the Council of Ministers said recently in Maputo.
Vice-Minister of Justice Alberto Nkutumula explained that the loan granted by Brazil would enable construction of the dam, which would supply “more and better quality water to Greater Maputo and also for irrigation of farmland in the Maputo province region.”
Construction work on the dam may last for five years. It will enable irrigated areas to expand and should consequently increase agricultural output in Maputo province by reducing producers’ dependence on seasonal factors such as the rains and local rivers.
You must log in to post a comment.