HCB Produced 15,700 GWH Last Year
Maputo, 27 Jan (AIM) – Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi river, in the western Mozambican province of Tete, last year achieved overall production of more than 15,700 Gigawatt-hours (GWh), which is five per cent more than production in 2021.
“This is a result that contributes to the consolidation of the company’s status as one of the largest independent producers of energy on the African continent”, reads a document issued by HCB on Thursday.
This production, the document added, strengthens the financial and management indicators in view of the need for investment in the revitalization of the system that produces electricity.
“These investments will improve levels of operational performance, extend the useful life for of the generation and conversion assets to more than 25 years, and also increase the power station’s productive capacity”, says Boavida Mahambe, Chairperson of the HCB Board of Directors, cited in the document.
HCB has planned for 2023 the production of 14,292 GWh, lower than last year’s production, due to interventions needed to maintain equipment.
The reservoir behind the dam is 80 per cent full, said Mahambe, with an elevation of 321.9 metres above sea level, which is easily enough to continue producing electricity while guaranteeing safety.
Mahambe also said that about 2.5 million HCB shares were traded in 2022 for a total value of approximately 4.8 million meticais (75 million US dollars), closing the year with a price of 2.35 meticais per share, a decline of 21.7 per cent, compared with 2021.
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