The Government of Mozambique, through its Agriculture Minister, H.E. Erasmo Muhate, has confirmed the signing of an agreement with Central African Mining and Exploration Company worth US$510-million, for the establishment of a sugarcane plantation and production of 120 Megaliters of cane ethanol per year. A 30,000 hectare area in the southern province of Gaza is eyed for the plantation. Mozambique is said to have attained the realization of its potential as a “biofuels superpower”, by virtue of its agro-ecological resources which “allow the production of a wide variety of energy efficient crops”  that includes cassava, sugarcane, grasses, jatropha. The International Energy Agency (IEA) estimates Mozambique’s bioenergy potential to be about 7 Exajoules (1 exajoule = 1 billion Gigajoules), or roughly equivalent to 3.1 billion oil-equivalent barrels per day..