Cape Town, South Africa, 30 Oct – The Mphanda Nkuwa hydroelectric dam, on the Zambezi river in Mozambique, is due to start producing electricity in 2015, the chairman of Brazilian construction company Camargo Corrêa said in Cape Town.
During a conference organised by South Africa’s Standard Bank and held in Cape Town, Vitor Hallack noted that his company was heading up the Mphanda Nkuwa project and added that initially US$2 billion would be invested and the dam would produce 1,500 megawatts of power.
“If everything goes according to the preliminary schedule (…) we should start construction by 2011 and start producing electricity in 2015b and perhaps in future the second stage will be started, which would represent an additional 1,000 megawatts,” said Hallack.
The second phase represents an additional cost of some US$500 million, said the chairman of Camargo Corrêa.
Located downstream of the Cahora Bassa hydroelectric dam, the Mphanda Nkuwa dam would allow Mozambique to supply even more electricity to the countries in the Southern African Development Community (SADC) and start some investment projects in the country that are dependent on electricity supply, such as the third phase of the Mozal aluminium foundry. (macauhub)