Mining & Energy
Mozambique signs financing agreements for Temane-Maputo power transmission line
Photo: A Verdade
Mozambique Electricity’s export of electricity to Zambia’s Electricity Supply Corporation (ZESCO) continues to cost our country dearly, @Verdade reports today. In addition to the environmental damage caused by the floating power station docked in Nacala, @Verdade found that the supply contract has ended with Mozambique’s power utility still owed 3.7 billion meticais.
The expectations expressed by the presidents of Mozambique and Zambia, Filipe Nyusi and Edgar Lungo respectively, of “energy cooperation for the benefit of citizens and economies”, expressed when they inaugurated the Floating Thermoelectric Power Plant in Nacala, Nampula province, have thus been frustrated.
Following EDM suspending supply to Zambia on December 2016 over accumulated debts amounting to 6.7 billion meticais, @Verdade has now ascertained that the contract with ZESCO has ended and was not renewed.
Following negotiations involving the governments of both countries, ZESCO amortised a portion of the accumulated debt, but by 31 December 2017 it still owed 3,694,194,092 meticais. EDM was moreover left with the burden of debts relating to the Karpower Floating Thermoelectric Plant.
Added to this is the incalculable environmental damage resulting from the burning of heavy fuel oils, which contribute most to climate change.
By Adérito CaldeiraSource: A Verdade
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