Africa Energy: Tanzania dam to cost more than double government estimate

Africa Energy: Tanzania dam to cost more than double government estimate

Tanzania’s Stiegler’s Gorge Dam, due to be built on a Unesco World Heritage site, will cost more than double the government’s estimates, an independent study showed on Thursday.

Read More

Mozambique Energy: HCB produces more electricity in 2Q

The production of electricity in Mozambique by the Cahora Bassa hydroelectric dam in the second quarter totalled 4,245 gigawatts hours (Gwh), exceeding by 6 percent the target set of 4,002 Gwh, Hidroeléctrica de Cahora Bassa (HCB) said in a statement. HCB also said the good performance of generating and power transmission equipment as a result of implementing the annual maintenance plans had also contributed to the better-than-expected production level. 

Read More

Mozambique Energy Industry: Cahora Bassa Hydroelectric Dam, in Mozambique, pays off loan ahead of schedule

A US$700 million loan taken on by the Cahora Bass Hydroelectric Dam (HCB) to pay Portugal is being paid off ahead of schedule and is expected to be entirely amortized a year early, said the company’s chairman, Paulo Muxanga.

Read More