The Mozambican government plans to present its Centre-South power transmission project to the world’s main financial markets with a view to gathering the financial resources it needs to build it, the Mozambican Energy Minister said Monday in Maputo.
Known as the “backbone,” this project, which is expected to cost US$2.7 billion will be carried out by the future Mozambican power transmission company Sociedade Nacional de Transporte de Energia Eléctrica, in which the Mozambican state will have a 51 percent stake.
During the 7th Annual Joint Consultation Meeting with donors for the sector, Salvador Namburete also said that Portuguese power grid company Redes Energéticas Nacionais (REN), Brazil’s Eletrobras, South Africa’s Eskom, and France’s EDF, were in the running to become the project’s second-largest shareholder, with all of these companies vying for the remaining 49 percent of the company.
The project includes two power transmission line, the first of which costing US$951 million and carrying 400 kilowatts of alternate current. As well as linking the provinces of Tete and Maputo this line will have sub-stations along it that will also provide electricity to the provinces of Gaza, Inhambane, Manica, and Sofala.
The second line will be a 500 kilowatt direct current line expected to cost US$849 million. It will directly link the provinces of Tete and Maputo and has the advantage of losing less power and is thus a more economical project.
During the meeting, Namburete outlined recent development in the energy sector, notably rural electrification, new energies and biofuels as well as the Cahora Bassa dam. He also noted that with the help of donors important steps had been taken in rural electrification making it possible for electricity to reach 107 districts in the country. (macauhub)