IFC signs agreement to support 1 500 MW Mozambique hydropower project

Development finance institution the International Finance Corporation (IFC) has signed a collaboration agreement with the Mphanda Nkuwa Hydroelectric Project Implementation Office (GMNK) to develop a 1 500 MW hydropower project and associated transmission facilities to increase access to clean energy in Mozambique and other Southern African countries. The estimated $4.5-billion project will comprise a dam, a power station and a high-voltage transmission infrastructure of 1 300 km from the project site, in the Tete province, to the capital Maputo, and is scheduled for completion in 2031.