Mozambique: Brazil eyes investment in M’panda Nkua dam

4 August 2008

Maputo, Mozambique, 4 Aug – President Armando Guebuza says Brazil is interested in investing in the construction of the M’panda Nkua dam on the Zambezi River in Mozambique’s Tete province, the Noticias newspaper has reported.

Declining to give further details of Brazilian plans to invest in M’panda Nkua, President Guebuza noted Brazil is also investing extensively in coal mining ventures in Tete province to put Mozambique firmly on the map of world coal production.

Brazil’s CVRD mining giant was awarded a contract last year to develop coal mines at Moatize and infrastructure building projects for this venture are already in preparation. Local residents are currently being re-housed by CVRD.

Tete province has a wealth of natural resources, particularly minerals, forestry, wildlife and tourism, as well as good conditions for farming and water resources suitable both for irrigation and production of hydroelectric energy.

Mozambique’s leader said Brazil, along with China, is currently among his county’s main economic partners. An example of Chinese aid is the building of Mozambique’s first national stadium in Maputo, he added. (macauhub)