Mozambique: Cahora Bassa Hidroeléctrica ups Q1 gigawatt production above forecast

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Mozambique: Cahora Bassa Hidroeléctrica ups Q1 gigawatt production above forecast

3:19 CAT | 22 Apr 2021

File photo: Macauhub

Hidroeléctrica de Cahora Bassa (HCB) produced 3,671.91 gigawatts in the first quarter of 2021, 6.1% above the forecast for the period, the company announced in a statement.

“This positive production performance is the result of investments in the modernisation of equipment in the production chain of the electro-production park and of a dynamic management, focused on the continuous improvement of engineering processes and the entire administrative chain of production, transport and commercialisation of clean and reliable energy,” said HCB on its website.

The company adds that the results enable the continuation of its modernisation strategy, as well as compliance with contracts for the supply of services and payment of taxes.

“HCB remains committed to achieving the annual production target of 14,125.53 gigawatts, while implementing, with maximum rigor, an internal protocol for the prevention of Covid-19 and constant analysis of its impact on the company’s operational performance,” the note concludes.

In November last year, the company reported that, despite the impact of the pandemic, in recent months the sale of power stood at 19 billion meticais (218 million euros), corresponding to 1.7% above the forecast.

HCB, which manages the dam of the same name in Tete province in central Mozambique, is the country’s largest source of electricity.

The dam is the largest in Southern Africa, with construction beginning in 1969, still during the colonial period, and operating since 1977.

The Mozambican state holds 85% of HCB’s shares, 7.5% belong to Redes Energéticas Nacionais (REN), Portugal’s energy transmission company, and the other 7.5% are shares made available in the public sale operation.

HCB supplies Mozambique, South Africa and other neighbouring countries.

The Mozambican state owns 85% of HCB’s shares, 7.5% belonging to Redes Energéticas Nacionais (REN), a Portuguese energy transportation company, and the other 7.5% are available for public ownership.

HCB supplies electricity to Mozambique, South Africa and other neighbouring countries.

Source: Lusa