ELECTRICIDADE DE MOCAMBIQUE E P
in each of these power plants .” To support EDM further , GoM has submitted an application to the EAIF ’ s Executive Committee on the company ’ s behalf to request increased funding surrounding EDM ’ s need for Technical Assistance ( TA ). The funding would ramp up the ongoing development of renewable on-grid capacity ( solar and wind ) through an auction process , and attract increased private investment within renewable energy projects at lower costs . It would also enable a swifter response to market developments . “ EDM will also gain essential knowledge and support in the analysis of existing legal frameworks , bidding documents , feasibility studies and standard contracts through TA ,” explains Magala . “ Such assistance will also enable the creation of a Project Management Unit ( PMU ), with the Technical Director coming from EDM as an advisory body .”
LONG-TERM GOALS In order to reduce the financial burden on local governments , the private
EDM will also work with neighbouring countries to strenghten regional power connectivity
sector will need to play a significant role within energy projects across Africa , and also alleviate EDM ’ s present borrowing requirements . “ It will also enable the introduction of new technologies , which may play a vital role in the future electricity generation and supply options ,” adds Magala .
“ Private sector investment will also support the diversification of energy , establish new skills and capital into the
120 February 2018