Wed Aug 18, 2010 7:57am GMT
http://af.reuters.com/article/topNews/idAFJOE67H05L20100818
MAPUTO (Reuters) - Mozambique has approved the construction of a $2
billion hydro-electric dam in a bid to increase power generation and
attract foreign investments, the state-run Noticias daily newspaper
reported on Wednesday.
The paper quoted Energy Minister Salvador Namburete as saying the new
Mphanda Nkuwa dam would be built 60 kilometres downstream from the Cahora
Bassa Hydro-electric dam (HCB) on the Zambezi River and would produce
1,500 megawatts of power.
Namburete said ownership of the dam would be split 20 percent by state-run
Electricidade de Mo�ambique (EDM) and 80 percent by a 50-50 joint venture
by local company Energia Capital and Brazil's Camargo Correia.
"It's an infrastructure that will bring quality investments that will
contribute to industrialization and the economic and social development of
the country," Namburete said.
Four turbines each with a capacity of 375 MW would be built in phase one
of the project, expected to start in 2011, he said.
HCB, which has suffered from decades of neglect and lack of investment,
exports 60 percent of its power to South African power utility Eskom and
35 percent to the Zimbabwe Electricity Supply Authority (ZESA). The
balance is used locally.
� Thomson Reuters 2010 All rights reserved
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http://www.macauhub.com.mo/en/news.php?ID=9976
Mozambican government approves construction of Mphanda Nkuwa hydroelectric
project [ 2010-08-18 ]
Maputo, Mozambique, 18 Aug � The Mozambican government Tuesday approved
the Mphanda Nkuwa hydroelectric project, which will have the country�s
second-largest dam and cost an estimated US$2 billion, the country's
Energy Minister, Salvador Namburete said in Maputo.
At the end of a Council of Ministers meeting, Namburete said that the
project outlined construction of a hydroelectric plant on the Zambezi
river, 60 kilometres downstream of the Cahora Bassa facility and 70
kilometres from the city of Tete, with a 2,400 megawatt capacity to be
reached in two phases.
The minister also said that the flooding area would be 97 square
kilometres, which was very small when compared to Kariba and Cahora Bassa,
on the same river, and thus just over 260 families would have to be
relocated, according to surveys carried out in 2002 and 2005.
Namburete said that 60 percent of the capital would be in the hands of
Mozambican bodies, specifically power company EDM, with 20 percent, and
Energia Capital with 40 percent. The remaining 40 percent will be in the
hands of Brazilian company Camargo Corr�a.
This consortium is the only one to come forward after another
Chinese-backed consortium gave up after being selected based on the
electricity law, which includes the possibility of directly awarding a
project or selection through a tender process.
Thirty percent of the US$2 billion needed for construction of the facility
are direct resources from the investors and 70 percent will be funded by
banks.
Construction work on the dam, which is expected to take five to six years
is due to begin in 2011, with the minister saying that until then, �we
will be working on finalising the concession contract agreement,
negotiating power purchase agreements and securing funding from financial
institutions.�
Mozambique already has one of the world�s largest hydroelectric dam, in
Cahora Bassa, Tete province in central Mozambique, in which the Mozambican
state owns 85 percent and Portugal owns 15 percent. (macauhub)
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