Cahora Bassa dam

Mozambique Energy: Cahora Bassa hydroelectric plant to invest €500 million in 10 years

Posted on by Mozambique Resources Post
Mozambique Energy: Cahora Bassa hydroelectric plant to invest €500 million in 10 years

The Cahora Bassa Hydroelectric Plant (HCB) has a 10-year investment plan in the amount of 500 million euros, Vital Capex, to recover and modernise the company’s electricity production system, said the company’s chairman.

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Mozambique Energy: Delayed entry of Cahora Bassa hydroelectric in local Stock Exchange

Posted on by Mozambique Resources Post
Mozambique Energy: Delayed entry of Cahora Bassa hydroelectric in local Stock Exchange

The Public Offering (IPO) of shares corresponding to 7.5 percent of the share capital of the Cahora Bassa Hydroelectric Dam (HCB) in Mozambique Stock Exchange (BVM) is delayed. “We must avoid giving information that eventually will give advantage to certain people” tried to clarify clarified the HCB CEO, Pedro Couto.

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Mozambique Energy: Cahora Bassa dam operating below capacity due to lack of water

Posted on by Mozambique Resources Post
Mozambique Energy: Cahora Bassa dam operating below capacity due to lack of water

Cahora Bassa Hydroelectric (HCB), a company that operates the Cahora Bassa dam on the Zambezi River in Tete, Mozambique, made a profit of 7.2 billion meticais (about US$118 million) in 2017, despite the facility being unable to operate at its full capacity due to the low water level in the reservoir, Mozambican state news agency AIM reported.

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Mozambique Energy: “HCB must expand portfolio,” says chairperson

Posted on by Mozambique Resources Post
Mozambique Energy: “HCB must expand portfolio,” says chairperson

Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi river, in the western Mozambican province of Tete plans to expand and diversify its business portfolio, to mitigate the risk of concentrating its entire assets in one place.

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Mozambique Energy: HCB appoints banking consortium for share offer

Posted on by Mozambique Resources Post

Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi, in the western Mozambican province of Tete has announced that a consortium between the BCI (Commercial and Investment Bank), the second largest commercial bank in Mozambique, and the Global Investment Bank (BIG) of Portugal, will head the banking syndicate in charge of selling 7.5 per cent of HCB shares.

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