Watch: Cahora Bassa Hydroelectric unveils new 5-year strategic business plan – Mozambique

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Watch: Cahora Bassa Hydroelectric unveils new 5-year strategic business plan – Mozambique

2:10 CAT | 29 Nov 2016

Noticias

The Cahora Bassa hydroelectric plant (HCB) in Tete province is preparing a strategic business plan for the 2017-2021 five-year period which is expected to address the company’s new challenges in the context of the energy matrix and national development.

The Chairman of the Board of Directors of HCB, Pedro Couto, made the announcement and pointed out that it was urgent to prioritise the maintenance, renovation and modernisation of the electricity producer of more than 40 years.

Couto made this statement during celebrations of the ninth anniversary of the transfer of HCB to the Mozambican state in Songo, Tete province, on Sunday.

Addressing those present, Couto said that, given the growing energy deficit in the country and the region and the market opportunities, it was also essential that the hydroelectric producer met expectations and contributed to the development of new projects for the generation and distribution of energy, particularly the Mphanda Nkuwa and STE lines.

“The success of these and other projects, which are a great challenge for the HCB, will require your usual and redoubled commitment and sense of mission, of which the Mozambican people are rightly proud. I am convinced you know how to use your knowledge and technical skills to accomplish these goals,” he said.

The Cahora Bassa chairman also spoke about the hydroelectric plant’s nine-year reversion to state control, noting that there were record production, economic and financial successes during this period.

Couto also mentioned that, for the first time in Tete’s history, the Cup of Mozambique was won by the local soccer team União Desportiva do Songo

“We have no doubt that in the nine years since November 27, 2007, the balance has been positive! Today nobody has doubts that HCB is an example of success. This thanks to all of you present here and all other collaborators absent,” Couto said.

Pedro Couto also noted that “good results require a lot of work! It takes commitment and total dedication to the cause in which we believe, and daily defend”.