Lusa - Business News - Mozambique: Future dam in central region valued at €3.5B

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Lusa - Business News - Mozambique: Future dam in central region valued at €3.5B

Maputo,July 10,2020(Lusa)-The Mphanda Nkuwa hydroelectric project to build a new dam in the centre of Mozambique is valued at $4billion (€3.5 billion), the director of the Implementation Office told Lusa.

"This amount is the result of studies done so far and approximately 50% will go to the hydroelectric plant and the remainder to the Tete-Maputo power transmission line component," Carlos Yum, director of the Mphanda Nkuwa Hydroelectric Project Implementation Office, said on Thursday.

Planned several years ago for electricity generation, the idea of Mphanda Nkuwa was relaunched in 2018 by Mozambican president, Filipe Nyusi, and could be the largest dam in Mozambique after Cahora Bassa, located 60 kilometres downstream of it, also on the River Zambezi, about 1,500 kilometres northwest of Maputo, the Mozambican capital.

Carlos Yum said the dam was a structuring project, as the energy will also supply the regional market.

"The power line will function as a highway, in the future other plants will be able to use part of the infrastructure, both internally and regionally," Carlos Yum said, who was sworn in on Wednesday as director of the Mphanda Nkuwa Hydroelectric Project Implementation Office.

Until the date of his appointment, Carlos Yum was administrator of Electricity of Mozambique.

In September 2019, the Mozambican government selected a consortium of four companies to provide technical assistance in the preparation of the Mphanda Nkuwa project.

In an interview with Lusa, one year ago - after the re-launch of the project - the vice-minister of Energy and Mineral Resources, Augusto de Sousa, said that the Mphanda Nkuwa dam should take at least another decade to be built and become operational.

EYAC/IMYN // ADB.

Lusa

Agency : LUSA
Date : 2020-07-11 09:25:00

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