Intelec Holdings: An Active Player in the Energy Sector in Mozambique

Afonso Loureiro, Commercial Administrator at Intelec Holdings, talks about the company’s participation in the energy sector in Mozambique.

“Intelec is one of the oldest private companies that started operating in Mozambique when the country first began to open its economy. Its roots are in the energy sector, but since then it has moved on to telecommunications as well. Today, it is a very diversified group, which also has industrial developments in agriculture, in tourism, trading and services in logistics, looking especially at what is going to happen in the future regarding oil and gas. So the company is very varied, but nonetheless maintains a core focus on telecommunications and energy”, says Afonso Loureiro.

“It has been common knowledge for a long time that Mozambique has great potential, especially concerning hydroelectric energy, which we have been exploring for more than 25 years. There is still great potential to export, but the big news that is now widespread is that one of the biggest gas reserves in the world was recently found in northern Mozambique. These reserves have not yet been explored, and this is why we are still talking in terms of potential and all the things we expect to happen in the coming years. In the south of the country we have been exploring the smallest reserves for more than 10 years, and today we are using them to generate power in Mozambique, and our company is involved in some of the projects. When this project was initiated we were only exporting the gas itself, and now we are also using the gas to promote economic activity and development in the Mozambican market”, he adds.