Norway to Invested in Mozambique’s Oil, Gas

Norway to Invested in Mozambique’s Oil, Gas

Norway’s Foreign Affairs Minister, Børge Brende, said that his country is interested to invest in the sectors of oil and gas, agriculture and fisheries in Mozambique, Coast Week reported. His comments came during a visit from a Norwegian delegation of government officials and businessmen to Maputo.

Following a meeting with Mozambican President, Filipe Nyusi, Brende said they had reviewed the cooperation between the two countries which dates back to the time of Mozambique’s independence in 1975, and reaffirmed their desire to strengthen these longstanding ties of friendship. Brende added that Norway had invested over $400m in the country’s hydropower and other sources of electricity, informed All Africa. Brende and Nyusi agreed on a mechanism should be identified leading to a partnership with the government that could help the country on the questions both of the hidden debts and the issue of national reconciliation.

Egypt Oil&Gas reported earlier that the international independent solar power producer, Scatec Solar, in partnership with Norfund, had signed a $80m power sale deal with state-owned utility company Electricidade de Mozambique (EDM) for 25 years. The signing ceremony took place in Maputo late October in the presence of Brende, the Mozambican Minister of Mineral Resources and Energy, Letícia Klemens, as well as EDM’s Charimand and CEO, Mateus Magala.

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