Mozambique's Minister of Energy Hon. Salvador Namburete to Give an Exclusive Insight into Investment Opportunities in Mozambique's Power Sector

MAPUTO, Mozambique, March 24, 2014 /PRNewswire/ --



Mozambique's discovery of the 4^th largest gas reserves in the world, coupled with an estimated US$12 billion worth of power projects in the pipeline and steady economic growth of 8% a year, makes the country one of the most exciting and lucrative power investment destinations in the world.

Most recently, ACWA Power Moatize Termoeléctrica announced the development of a thermo-electric power station in Mozambique's Tete province with an estimated cost of US$1 billion, and the Japanese government announced it will grant Mozambique a loan of 17.27 billion yen (167 million USD) to build a gas fired power station in Maputo. This meeting will bring together senior decision-makers representing such projects.

Public sector participants who will attend include:

Hon  Salvador  Namburete,  Minister  of  Energy,  Republic  of  Mozambique

Laura  Nhancale, Director of Studies and Planning, Ministry of Energy, Republic of Mozambique

Antonio  Osvaldo  Saide, Director, New and Renewable Energy, Ministry of Energy, Republic of Mozambique

Pascoal  Bacela,  National  Director  of  Energy,  Ministry  of  Energy,  Republic  of  Mozambique 

Carlos  Yum, Business Development Director, Electricidade de Moçambique (EDM)

Isaque  Chande, Commissioner, CNELEC
Maduna  Ngobeni, Project Officer : IPP Renewables, Department of Energy, South Africa

Private sector participants will include:

Cédric  Lemarié, General Manager, Vale*

Willem  Theron, General Manager: New Business Development, Southern African Energy Unit, Eskom

Manoj  Gupta, Country Head Mozambique, Jindal Africa

Kribs  Govender, General Manager SNE, Low Carbon Electricity, Sasol

Sean  Friend, Portfolio Manager, Infrastructure, Developmental and Environmental Assets Old Mutual Investment Group (Pty) Limited

David  Humphrey, Global Head of Power and Infrastructure, Standard Bank Group

Pedro  Pereira  Coutinho, Managing Partner, Eaglestone

A combination of roundtables and workshops will allow participants to engage with government officials and private sector developers to explore solutions for some of the critical issues facing the development of Mozambique's power sector, including: the electrification of gas for domestic and international use, the funding of hydropower projects, the funding of grids, solving the off taker issues and lack of government guarantees. The Powering Africa Mozambique Meeting is hosted in partnership with the Mozambican Ministry of Energy.

Note * = to be confirmed

For  more  information  about  Powering  Africa:  Mozambique:

Meeting  name: Powering Africa: Mozambique
Meeting  dates: 8-9^th May 2014
Venue: Girassol Indy Congress Hotel & Spa

Contact: Amy Offord - Senior Marketing Executive
Tel: +44(0)20-7384-8068
Email: amy.offord@energynet.co.uk
Visit: http://www.poweringafrica-mozambique.com