Mozambique expects €62.5M tax revenues from LNG in 2024
TVM
By the end of this year, the Cahora-Bassa hydroelectric plant (HCB) expects to have produced just over 12,000 gigawatts of electricity – twenty percent less than last year.
In a report by Telvisao de Mocambique, HCB chairman Pedro Couto explains the context.
“We had to take a conscious decision to reduce our energy production forecast by as much as 17 to 20 percent, so that we can then wait until we have more concrete data after the rains have fallen. Then we will see what adjustment we truly have to make, whether upwards, or the same, or downwards. There has already been an impact from a lack of water: we have water levels of only 45 percent and that has to be considered significant.”
However, Couto points out that these adjustments will not affect HCB’s commitments. “This is the happy part of the story,” he says. “Cabora Bassa will continue to be able to pay its suppliers and creditors and invest to maintain the reliability of the system, and will also be in a position to think of broader investments – the expansion foreseen in government policy and adopted by the company itself.”
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