Japan to Invest in Mozambique’s Energy Sector

Japan to Invest in Mozambique’s Energy Sector

Japan-based trading company Sumitomo Corp. is currently planning to sign a contract with a state-run Mozambican power company to construct a gas-fired power plant 700km northeast of Maputo by mid-March, Kikkei Asian Review reported.

Work expected to be begin by 2018, while the end of construction is expected by 2021. With 110,000KW of capacity, the facility will satisfy 10% of Mozambique’s power needs, according to Club of Mozambique.

Additionally, the Japanese state-owned Gas and Metals National Corporation (JOGMEC), in partnership with trading house Mitsui & Co., will sign an agreement of understanding to regulate the natural gas production technology and training with a state-run oil company in Mozambique.

Futhermore, the Japanese plant engineering company Chiyoda is planning to sign a deal with a state-run oil producer in the African country to build a natural gas processing plant.


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