The strategic partner to implement the Mphanda Nkuwa hydroelectric dam construction project, in Tete province, will be presented by Friday, May 12, according to an assurance given by the Government on Tuesday (9), after another session of the Council of Ministers.
“The announcement of the strategic partner will be made very soon, this week, that is, between May 10 and 12 of this year,” revealed the spokesman of the Council of Ministers, Filimão Suaze, quoted by Radio Mozambique.
The official said that the report was completed by April 28, has since been forwarded to the Ministry of Mineral Resources and Energy (MIREME) and presented this Tuesday to the Executive.
“There is an information committee that has a deadline already set to conclude the various phases of its work,” he said.
Among the institutions that have expressed interest in financing the project are the World Bank, the International Financial Corporation, the French Development Agency, the African Development Bank, the European Development Bank, the Islamic Development Bank, and the International Development Association, among others.
With an estimated cost of 4.5 billion dollars, the Mphanda Nkuwa Hydroelectric Project includes the development of a run-of-river dam, located 61 km downstream of Cahora Bassa, on the Zambezi River, in the province of Tete, as well as the construction of a hydroelectric power plant with an installed capacity of up to 1500 MW of power generation and a 1300 km transmission line from Tete to Maputo.