Moamba Major dam : Mozambican government seeks partners to resume construction

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Moamba Major dam : Mozambican government seeks partners to resume construction

11:59 CAT | 08 Feb 2018

Notícias

The Mozambican government is negotiating the completion of the Moamba-Major dam in Maputo province with three potential international partners.

Speaking to Notícias, the National Director of Water Resources Management Messias Macie said the executive is evaluating proposals in order to select one the best one to participate, within a non-exclusive framework.

Macie says the government will complete the evaluation of the proposals as quickly as possible and move forward with subsequent steps to continue the works, currently on hold due to the lack of Mozambican government participation to the value of US$200 million.

According to Macie, the project is in limbo because of the need to ensure co-participation, since under the terms of the agreement, the project is financed by the Brazilian National Economic and Social Development Bank with a contribution from the Mozambican government which, in the current economic situation, is unable to provide its share.

“We tell private partners that anyone who wants to join us in this exercise can. So right now there are three big competitors, all on a non-exclusive basis. The idea is that we will move forward with the first to come up with the best option, that allows work to be resumed as soon as possible,” he said.

This could happen in the near future, Macie said, since all investors guarantee that financial engineering for the dam will be in place this year.

The dam, whose first stone was laid in 2014, will have capacity of 760 million cubic metres and will control the flow of the Incomati river, improving water supply to the cities of Maputo, Matola and Ressano Garcia and generating 15 megawatts of electricity.

Source: Notícias