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Mozambique: Government seeks investors for Mapai and Moamba-Major dams
4:13 CAT | 21 Jul 2021
Photo: O País
This Tuesday, Mozambique’s Council of Ministers assessed the stage of development of three water storage and management infrastructure projects: the Mapai, Moamba-Major and Mpanda-Nkuwa dams.
Council of Ministers spokesman Filimão Suaze said the selection of a potential partner for the implementation of the Mapai dam project, through a public-private partnership, was underway, as was the tender for the Moamba Major dam project, with potential financing from the Exim Bank of China.
The Council of Ministers also considered progress on the Mpanda-Nkuwa dam project.
“The Mpanda-Nkuwa dam will be located 61 km downstream from Cahora-Bassa, and will generate 1500 MW. It is associated with a 1,600 km Tete-Maputo transmission line and is expected to enter into operation in 2030,” Suaze explained.
Construction of the Mpanda-Nkuwa dam and respective energy transport infrastructure, lasting six to seven years, may start in 2024, according to guarantees given by the project development office in May, 2021. The estimated cost of the project is US$4.5 to US$5 billion.
Financing is expected to be agreed in 2024. Of the approximately US$5 billion price tag, 60% will be applied in the construction of the dam and 40% on the power transmission line.
The Mpanda-Nkuwa project development office is expected to launch a tender to identify a strategic investment partner for the project by December of this year.
In terms of shareholder structure, the Mpanda-Nkuwa project will have state participation of 30% to 35 %, via Electricity of Mozambique ( EDM) and Cahora Bassa Hydroelectric (HCB), with the remaining 65% in private hands.
By Precidonio Silverio
Source: O País
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