Some argue it was due to bad results, but to true is that Augusto de Sousa Fernando is no longer the CEO of the state company Electricity of Mozambique (EDM). The newspaper “O Pais” reports in its edition of Wednesday 1st September that the electrical engineer was dismissed later Tuesday by the Cabinet and replaced by Gildo Sibumbe, previously Administrator of the Technical Portfolio of Cahora Bassa Dam (HCB).
Augusto de Sousa Fernando did not actually complete the first term as head of the Mozambican power company.
He leaves the leading role of the Board of Directors of EDM two and a half years after being appointed to the position, being exonerated “at a time when the company faces new challenges”, such as the expansion of electrification, improvement of energy and investment in new equipment, says “O País”. Keep in touch for deeper report on this issue in next E-Bulletin of the Mozambique Mining & Energy Post.