SOUTH Korea announced yesterday it will provide R245 million to build three solar power plants in Mozambique as part of plans to support eco-friendly projects in Africa.
The finance ministry said the loan, from the Economic Development Cooperation Fund, would be offered interest-free for 40 years, including a grace period of 15 years.
The three solar plants generating 400 to 500 kilowatts will be built in Niassa, a northern province that suffers severe power shortages.
"The project is expected to contribute to balanced development in Mozambique by easing the energy supply gap between urban and rural areas," a ministry statement said.
Mozambique has a serious polarisation in energy supply, with only 2% receiving electrical power in rural areas and 22 percent in urban areas.
Training to operate and maintain the plants plus equipment will be part of the deal.
Seoul in Moz power deal
SOUTH Korea announced yesterday it will provide R245 million to build three solar power plants in Mozambique as part of plans to support eco-friendly projects in Africa.
The finance ministry said the loan, from the Economic Development Cooperation Fund, would be offered interest-free for 40 years, including a grace period of 15 years.
The three solar plants generating 400 to 500 kilowatts will be built in Niassa, a northern province that suffers severe power shortages.
"The project is expected to contribute to balanced development in Mozambique by easing the energy supply gap between urban and rural areas," a ministry statement said.
Mozambique has a serious polarisation in energy supply, with only 2% receiving electrical power in rural areas and 22 percent in urban areas.
Training to operate and maintain the plants plus equipment will be part of the deal.
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