Hidroeléctrica de Cahora Bassa (HCB), the EDM-owned company which owns the giant hydropower plant in Tete province on the Zambezi river, will list on Mozambique’s stock exchange, the BVM, by the end of Q1 2019, BVM head Salim Vala said yesterday quoted by State-run newspaper Noticias. It wants to sell 7.5% of its shares to Mozambican investors.
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The definitive study to confirm the commercial and operational feasibility of the construction of a thermal power plant in Bengo, Mozambique, is expected to be completed before the originally planned deadline, UK company Kibo Energy, formerly Kibo Mining, said on Wednesday.
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Mozambican state electricity company EDM loses US$100 million annually due to illegal connections to its grid, the company’s new chairman, Ale Sicola, told Mozambican newspaper O Pais adding that he plans to introduce “smart” electricity meters to minimise the problem.
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Zimbabwe is expected to continue relying on electricity imports for the next eight years due to lack of investment in the sector, a leading international think-tank has said quoted by Bulawayo News.
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Ivory Coast plans to add 643 megawatts (MW) of power to its network by 2021, the government said, in a bid to meet domestic demand and boost electricity exports to the surrounding region.
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The Southern African Power Pool (SAPP) will prioritise connecting Malawi, Tanzania and Angola to the regional electricity grid by 2021, with an additional 22 000 MW of electricity generation capacity to be added to the regional grid by 2022.
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The electrification of the 152 district capitals of Mozambique was completed last Friday with the connection of Luabo, in the central province of Zambézia, to the national electricity grid, an official from state-owned Electricidade de Moçambique (EdM) reported.
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Ncondezi Energy has reached formal agreement to amend its $5.1-million loan, which received an extended maturity date to November 2019.
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Although, there are about 645 million people without electricity in Africa, with about 90 million Nigerians affected, the Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government is doing everything possible to reverse the trend in Nigeria.
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Mozambicans are gearing up to pay a new electricity tariff, whose amount is not yet known, but which is already being criticised by consumers.
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