Eight Hundred Million Euros for Modular Bio-Power in Mozambique

(PRLEAP.COM) Mozambique Bio-Fuel Industries (MBFI) and its Indian partners will invest 800 million euros to generate power in Mozambique. Because Africa’s growth is limited by its inability to generate enough power, and this will impede MBFI’s investment plans. Unfortunately, when Africa plans to generate additional power, they tend to opt for western economy of scale models. And most of these western solutions do not address Africa’s lack of infrastructure and poverty.

“Therefore”, Mr. Steenkamp, the CEO for Mozambique Bio-Fuel Industries, said, ”when we planned to produce bio-fuels on 3.5 million hectares in Mozambique, we never thought we will also generate bio-power. But the cost to clear land, limited power capacity and the excess bio-mass forced us to consider alternatives. And to meet Mozambique’s needs we decided to introduce many modular power units throughout rural Mozambique, instead of one large power plant."

Mozambique Bio-Fuel Industries’ (MBFI) research leaded them to another developing country, India, with extensive experience in modular bio-power technology.

After many visits, MBFI announced that they have signed a Memorandum of Understanding (MOU) with Malavalli Power Plant Private Limited (MPPL) and CVC Infrastructure India to invest 800 million euros in Mozambique over the next ten years. The MOU provides for management and finance of modular five-megawatt bio-power plants throughout seven of the ten Mozambican provinces.

According to Mr. Steenkamp, "investors in Mozambique can, today, generate considerable profits, while at the same time, eradicate poverty. Investments can be made in bio-power, bio-ethanol, bio-diesel, and sustainable rural development in the fast growing Mozambique”.

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