Communication - Presse

EU To Support Mphanda Nkuwa Dam Project

The European Union (EU) last Friday (16), during the Business Forum held in Tete City, expressed its availability to support the country in the implementation of the project for construction of the new Mphanda Nkuwa dam in that province.

For this purpose funds are being mobilised from European banks as well as from the World Bank (WB) to make this structuring project a reality.

According to the EU ambassador in Mozambique, Antonino Maggiore, the European continent wants to assume part of the costs of building the Mphanda Nkuwa power transmission line to Maputo province.

“We are pleased at the choice of the European and Asian consortium led by French company Electricité de France to head the consortium with Hidroeléctrica de Cahora Bassa (HCB) and Electricidade de Moçambique (EDM) for construction of the new Mphanda Nkuwa dam,” said Antonino Maggiore, cited by Mozambique’s Information Agency (AIM).

The diplomat added that “this project may also benefit from European funding as part of the Global Gateway together with the European Investment Bank (EIB).

In turn, the Mozambican Minister of Foreign Affairs and Co-operation, Verónica Macamo, highlighted HCB as an undertaking that attracts the EU.

On the occasion, the minister invited the ambassadors of the European countries accredited in Mozambique to mobilise more investments to leverage the economy of Tete province in particular, and the country in general.

“We exhort and encourage the ambassadors to bring businessmen from their respective countries to take advantage of the favourable business environment and opportunities as well as the investment potentialities in Tete.”

Over 150 businessmen from various sectors of activity participated in the Mozambique-EU Forum.

 

Link: https://360mozambique.com/oil-gas/energy/eu-to-support-mphanda-nkuwa-dam-project/

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