World Bank has approved a total of US$57 million for Mozambique-Malawi regional interconnector project.
The project whose technical paperwork was signed this year in Lilongwe will interconnect the Mozambique and Malawi transmission systems to enable both countries to engage in bilateral and regional power trade in the Southern African Power Pool (SAPP).
Mozambique will receive US$42 million equivalent as an International Development Association (IDA) grant while Malawi will receive a US$15 million equivalent IDA credit.
In addition, Mozambique is expected to receive a grant of US$24 million from a government of Norway Trust Fund administered by the World Bank, along with a Euros 20 million grant from Germany.
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