Project description
On December 19, 2025, the Multilateral Investment Guarantee Agency (MIGA), home of the World Bank Group Guarantee Platform, issued a 20‑year guarantee of $7.96 million to Globeleq Africa Limited of the United Kingdom to support its investment in Central Eléctrica de Tetereane, S.A. (CET) in the Republic of Mozambique. The guarantee covers the risk of breach of contract related to a 25‑year power purchase agreement (PPA) with Electricidade de Moçambique (EDM), Mozambique’s state‑owned electricity utility.
The CET Project is an operating solar photovoltaic power plant with integrated battery storage, located in the Cuamba Municipality of Niassa Province in Northern Mozambique, a region where electricity access remains significantly below the national average. The facility includes an 18.75‑megawatt‑peak (MWp) solar PV plant, a 1.86‑megawatt / 6.7‑megawatt‑hour battery energy storage system, and associated infrastructure designed to supply clean and reliable electricity to households and businesses across northern Mozambique.
Environmental Categorization
The Project is a category B under MIGA’s Policy on Environmental and Social Sustainability. Click here to view the Environmental and Social Review Summary.
Development Impact
The CET Project contributes to expanding access to electricity in Niassa Province, one of Mozambique’s least electrified regions, where electrification levels remain below the national average. By supplying clean and reliable power under a long‑term contractual framework, the Project helps stabilize electricity supply in northern Mozambique and supports economic activity for households and businesses. The Project supports Mozambique’s efforts to diversify its energy mix, which currently relies heavily on natural gas and large hydropower facilities that are vulnerable to climate variability. As the first utility‑scale solar independent power producer (IPP) in Mozambique to integrate battery storage, CET represents a milestone in the country’s energy transition and demonstrates the role of renewable energy solutions in strengthening system resilience.
The Project is aligned with the World Bank Group’s Country Partnership Framework for Mozambique (2026–2031), which emphasizes expanding energy access, mobilizing private capital, and supporting climate‑resilient and sustainable infrastructure development.
