Maputo, Mozambique, 30 July – Mozambican state electricity company, EdM plans to increase sales of power to South Africa by 75 percent over the next three years, the chairman of the board of the company, Manuel Cuambe said in Maputo.
The chairman of EdM also said that Mozambique currently sold US$10 million in electricity to South Africa every year.
Mozambique produces 2,075 megawatts of power at the Cahora Bassa hydroelectric dam in Tete province, but consumes just 5 percent of that production.
EdM exports 60 percent of the power produced at Cahora Bassa to South Africa, 20 percent to Zambia and the remainder to Zimbabwe and Botswana. Zimbabwe owes around US$5 million to EdM.
Cumbe, on presenting the company’s results for the first half of 2010, that EdM invested US$17 million in the acquisition of materials and maintenance but lost US$13 million due to illegal connections and power theft.
The chairman of EdM also said that compared to the same period of last year, EdM’s investments rose 10 percent and profit increased by 7 percent. (macauhub)