Mozambique energy sector gets major boost from International Development Finance Corporation

MOZAMBIQUE – America’s International Development Finance Corporation (DFC) has approved a loan of up to $200 million to Central Térmica de Temane (Temane Power Plant) and agreed to provide up to $1.5 billion in political risk insurance to support the commercialisation of natural gas reserves in Area 4 of Mozambique’s Rovuma Basin. The  two deals represent a substantial investment by the United States that will improve access to energy, lay the foundation for transformational growth in Mozambique fuelled by the natural gas sector and deliver on the U.S. Prosper Africa…

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