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Investors for Mphanda Nkuwa Hydroelectric Project Announced

Investors for Mphanda Nkuwa Hydroelectric Project Announced

The pre-qualification process of potential investors for the Mphanda Nkuwa hydroelectric project in Tete was concluded today in Maputo, with the selection of two individual companies and five international consortiums. The elected were presented during an investors’ conference.
According to the Director of the Project Implementation Office, Carlos Yum, the companies will present their technical and financial proposals for the continuation of the hydroelectric project.

“We, at the moment, have concluded the pre-qualification of the companies which are two individuals and five large consortiums,” he said.

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According to Carlos Yum, the companies came to the conference with their experts who are expected, over the next two days, to produce reports for their companies regarding the investment proposals going forward.

“After that, we will move towards an implementation agreement,” he revealed.

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The Mphanda Nkuwa hydropower project and associated power transmission infrastructure is valued at US$4.5 billion.

MZNEWS

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