Electricity Prices up 27- 40% in Mozambique / Cement goes up too – Hanlon

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Electricity Prices up 27- 40% in Mozambique / Cement goes up too – Hanlon

7:44 CAT | 07 Nov 2016

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After being kept frozen by President Guebuza for five years, electricity prices have been raised substantially, but the state electricity company Electricidade de Mocambique (EDM) says it is still selling electricity at below production costs and at the lowest prices in the region.

+ Framers still have the lowest price; the increase is from MT (meticais) 2.68 to 3.4 per kilowatt hour (kw-h) for the first 300 kw-h (3.4 US cents to 4.4 US cents, up 27%), and rising to MT 5.3 (6.9 US cents) per kw-h for consumption in excess of 500 kw-h.

+ For households, the first 300 kw-h rises from MT 2.95 to 4.04 per kw-h, and between 301 and 500 kw-h a month from MT 4.17 to 5.72, and above 500 kw-h from MT 4.38 to 6. All increases are 37%. The “social tariff” for low income domestic consumers who use less than 100 kw-h a month remains unchanged, at MT 1.07 per kw-h.

+ For industries, trade, offices, shops, etc the price per kw-h rises from MT 4.16 to 5.8 (from 5.4 to 7.6 US cents, up 39%) for consumers on the low voltage general tariff who use up to 300 kw-h a month. Between 301 and 500 kw-h the price rises from MT 5.94 to 8.29 per kw-h., and above 500 kw-h a month, the increase is from MT 6.5 to 9.07.

The chair of the state electricity company, EDM, Mateus Magala, said that in other members of SADC (Southern African Development Community), electricity costs 12.5 US cents per kilowatt-hour. EDM spokesperson Luis Amado said EDM is still selling its power below cost, which is 8-9 US cents per kw-h. (AIM En, O Pais 1 Nov)

EDM became the first state company to hire its four top administrators through an international public competition. They were named 28 October; there were 90 applications. One director, Carlos Yum, was reappointed. Two new directors, Fatima Arthur and Aly Siloca Impija, come from within EDM, and the new Finance Director is Noel Govene from G4S. (Zitamar 31 Oct)

Cimentos de Mozambique increased cement prices and also announced different prices in different parts of the country. Water prices were also increased.

Source: News Reports & Clippings