Mozambique is rich in natural resources and enjoys a diverse economy driven primarily by agriculture. Although this sector employs the majority of the workforce, the industrial and services sectors are also significant. Alongside its hydropower potential, Mozambique is also rich in other renewable resources like solar and wind as well in coal, natural gas, and minerals. Despite some challenges, the nation’s location on the Indian Ocean, young population, and natural resources represent ongoing opportunities for economic growth and the economy has been growing steadily.
To help meet growing energy demand and ambitious development goals, further transformation is expected from the nation’s estimated hydropower potential of 12,000 MW. Planned key projects include an extension of the Cahora Bassa power plant on the North Bank of the river, which will use the same reservoir and add additional capacity of about 1,300 MW.