Maputo, Mozambique, 5 Aug – Brazilian construction group Camargo Correa will invest US$ 3 billion to build a hydroelectric dam at M’panda Nkua on Mozambique’s River Zambezi, Brazil’s ambassador to Maputo said Monday.
Ambassador Antonio Sousa e Silva, cited by Mozambican state radio, said building work on the new dam will get underway within 12 months. Preliminary studies on finance, material and human resources needed for the project are already in course, he added.
Mozambican President Armando Guebuza said recently that Brazil was interested in investing in the M’panda Nkua venture in Tete province, where the giant Cahora Bassa dam is already located. Maputo took a majority stake in this generating plant in November, 2007 under an accord with Portugal, the dam’s previous owner.
The new River Zambezi dam will have an installed capacity of 1,300 megawatts and also help satisfy power demands of a region facing a severe energy crisis. (macauhub)