Monday, June 25, 2007

Mozambique to spend $382 million on electricity upgrade

(Reuters) - Mozambique plans to spend $382 million during the next three years to upgrade its electricity system, seen as key to developing the African nation's small but growing industrial base, its finance minister said on Monday.

In an interview with Reuters, Finance Minister Manuel Chang said almost one million more people, or about five percent of Mozambique's population, would be supplied with power by 2009 under the electrification programme.


Read more at Reuters Africa

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