Norway signs agreement with World Bank for the establishment of a Trust Fund to finance transmission grid development in Mozambique

On 9 September, the Norwegian Ambassador to Mozambique signed an agreement with the World Bank, for the establishment of a Trust Fund to support the development of transmission grids from several planned power stations in the Tete-province in the North-Western part of Mozambique. The Trust Fund is also partly to finance a transmission grid from Mozambique to Malawi. The Norwegian support is NOK 500 million and the World Bank will contribute with approximately USD 110 million to the projects. For more information please see the link to the right (only available in Norwegian)