Mozambique: Cahora Bassa Hydroelectric Plant posts record profits in 2024
Mozambique: EDM renews contract to supply electricity to Lesotho
9:56 CAT | 26 May 2021
Photo: EDM
Mozambique’s publicly owned Electricity Company, EDM, will for the next 12 months supply between five and 35 Megawatts of power to the Lesotho Electricity Company (LEC).
For that purpose, the EDM chairperson, Marcelino Gildo and the LEC managing director, Mohato Sekele, signed a power supply contract which will help Lesotho meet its seasonal demand and enhance the sourcing of electricity.
An EDM press release issued on Tuesday states that both EDM and LEC are part of the Southern Africa Power Pool (SAPP), through which the national electricity companies in Southern Africa cooperate, under the auspices of the Southern African Development Community (SADC). Since 2008, EDM has been one of the suppliers of electricity to Lesotho.
The enhancing of bilateral trade is part of the EDM Business Plan for 2020-2024, which introduced a new business management model focused essentially on power production, with an even growing contribution of renewable energies.
The EDM business plan is intended to speed up universal access by Mozambicans to reliable, good quality electricity as well as exporting power to neighbouring countries, thus diversifying the company’s revenue base and consolidating its position as a power hub in Sub-Saharan Africa.
The contract with LEC is valid for a year. The contract between the two companies is generally renewed every year.
Source: AIM
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