Work to build the northern plant of the Cahora Bassa hydroelectric facility is due to start soon, said recently the president of the Cahora Bassa Hydroelectric Dam (HCB).
Paulo Muxanga said the company was working with the government on expanding electricity production capacity through construction of the North Plant that will add about 1,250 megawatts to the current production of 2,250 megawatts.
At the opening of the 4th Seminar on HCB’s contribution to Mozambique’s development, Muxanga said the current energy scenario differs entirely from the situation 40 years ago, when consumption throughout the country barely totalled 100 megawatts.
Current estimates indicate that Mozambique consumes more than 500 megawatts of electricity per year, excluding the Mozal aluminium smelter, located in the Belulane Industrial Park in the southern province of Maputo, according to Mozambican newspaper Notícias.
Muxanga also said that consumption in the cities and countryside had grown exponentially and these days there are frequent reports of industries that cannot be set up in certain regions due to a lack of power supply, as well as frequent questions from the public about the quality of electricity.
The president of the Cahora Bassa Hydroelectric Dam also said the company was undergoing a period of great financial strength, and this was clear from the fact that it had already repaid 72 percent of the US$900 million loan it took on from a banking syndicate to pay for most of the shares in the company hitherto held by Portugal.
Muxanga stressed that the company should proceed with full repayment of the loan by the end of 2016, contrary to the provisions in the contract that pointed to December 2017. (macauhub/MZ/PT)