HARARE, May 8 (NewsDayLive)- Zimbabwe and Mozambique have signed a Memorandum of Understanding (MOU), which seeks to establish a framework for collaboration in electricity, petroleum, and renewable energy.
The MOU also seeks to facilitate investment promotion and joint infrastructure development, and to identify specific projects for further agreements as well as strengthening partnerships between national energy utilities of both countries.
Energy and Power Development minister July Moyo signed the deal with his Mozambican counterpart Estâvão Pale at the ongoing Mozambique Mining and Energy Conference and Exhibition being held in Maputo.
The conference was officially opened by Mozambican President Daniel Francisco Chapo.
Moyo expressed gratitude to the technical teams from both countries for working flat out to make sure that all areas of cooperation in the field of energy between the two countries were explored.
The MOU will facilitate the identification and development of joint projects in the areas of trade in petroleum products, utilisation of petroleum infrastructure, investment in natural gas, electricity supply, trading and generation among others.
In his address, Moyo emphasised the urgent need for regional collaboration to address the energy crisis in the Southern African Development Community (Sadc).
He suggested that Zimbabwe's central geographical position could play a key role in power trading through improved transmission infrastructure.
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Sadc is is experiencing persistent power shortages, with countries like South Africa, Zimbabwe, and Zambia facing widespread load shedding.
