TotalEnergies CEO says US financing for Mozambique LNG project expected in coming weeks
Mozambique Power Utility EDM to invest US$160 million improving supply quality
2:49 CAT | 16 Feb 2016
In file Club of Mozambique / Mateus Magala, chairman of EDM.
The EDM board of directors met members of the Democratic Movement of Mozambique (MDM) on Monday to clarify the company’s plans.
One of the issues raised was the poor quality of energy supply in major urban centres.
Obsolete equipment is the main reason for the frequent power outages, and Chairman of the Board Mateus Magala says that the company plans to invest over US$160 million (about 7.7 billion meticais) over two years replacing cables and transformers.
Thereafter, the company intends undertaking maintenance to prevent further deterioration of equipment, and part of the funds will be invested in alternative sources of electricity.
Source: O País
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