Revenue from the Cahora Bassa Hydroelectric
Power Plant (HCB) entering the public coffers reached approximately US$10
million at the end of the first half of this year, more than twice that in the
same period in 2017.Once again, the hydroelectric facility, located in the
village of Songo, central province of Tete, was the state’s top earner, making
about US$4.4 in the first half of last year, according to the National Treasury
Directorate (DNT).HCB’s contribution forms 43.7 percent of the revenue of
companies licensed by the state, and grew 137.9 percent in nominal terms. The
Nacala Integrated Logistics Corridor (CLIN), with a contribution of US$7.2
million (US$ 2.5 million more than in the first half of 2017), was the
second-biggest earner.HCB’s good performance is also shown by electricity
production figures. In the first quarter of 2018, this stood at 3,433,504
megawatts per hour (MWh), 1.61 percent above targets foreseen for this period,
and despite rainfall in the Zambezi basin of about four metres below what would
be desirable.Given the constraints imposed by hydrological conditions, energy
production will continue to be carried out on the basis of four generating
groups, and monitoring and analysis of meteorological and hydrological
information will be maintained for any necessary adjustments.
CHB management says that it will take this
opportunity to accelerate the implementation of projects under the CAPEX VITAL,
a selective investment programme of replacement and modernisation with a view
to maintaining the operability and efficiency of equipment in the medium and
long term.“Given the growing energy deficit in the country and the region and
market opportunities, it is essential that HCB meets expectations and
contributes to the development of new energy generation and transmission
projects, in particular Mphanda Nkuwa and STE,” Pedro Couto, Chairman of the
Board of Directors of HCB, said.
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