Report: Brazil firm to build Mozambique’s 1,500-MW Mphanda Nkuwa

The government of Mozambique has approved construction of the 1,500-MW Mphanda Nkuwa hydroelectric project by Brazilian builder Camargo Correa, a Brazilian newspaper reported.

Brazil’s Valor Economico reported Camargo Correa received final approval to build the hydro project on the Zambezi River as well as a 1,400-kilometer transmission line from Mphanda Nkuwa to Maputo. The works are expected to require an investment of US$3.2 billion.

Camargo Correa and its Mozambique partner, Grupo Insitec, filed a detailed proposal for construction of the project in September 2007, following a meeting between the constructors and Mozambique President Armando Guebuza that endorsed the construction. (HNN 10/1/07)

Construction is expected to begin in 2009 with completion in 2013.

In November 2006, the government of Mozambique signed a memorandum of agreement for development of Mphanda Nkuwa with a consortium of utility Electricidade de Mocambique (EDM), Camargo Correa, and Energia Capital, a unit of Grupo Insitec. The construction consortium was to negotiate project financing with banks, with no indebtedness or guarantees by the Mozambique government.

Previous articleAlbania names Austria utility to build three plants totaling 400 MW
Next articleUkraine plans to start third unit of 905-MW Tashlyk in 2009

No posts to display