Country in talks with Germany, UAE, Belgium and the UK Plans to harness country’s hydro and solar power potential
Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit later this year.
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The southern African country, one of the world’s poorest, plans to harness its abundant hydro, solar and wind potential to meet its own power needs and those of its neighbors, as well as using that electricity to process battery minerals such as graphite and lithium, said Marcelina Mataveia, its national director of energy. Talks over funding have been held with Belgium, Germany, the UK and the United Arab Emirates.
Source:
Bloomberg
