EDF LED CONSORTIUM TO DEVELOP HYROPOWER PROJECT IN MOZAMBIQUE
Mozambique has signed an agreement with a consortium led by French power giant EDF to build the new Mphanda Nkuwa hydropower project on the Zambezi River. EDF brings extensive hydropower experience, including in sub-Saharan Africa. EDF will especially make available its reputable technical expertise. TotalEnergies will leverage its know-how in developing large and complex integrated energy projects, especially in Africa. Sumitomo Corporation will contribute to access to the strategic financing by leveraging its past global experiences of IPP projects including in Sub-Saharan Africa.
The Consortium will jointly develop MNK with the Gabinete de Implementação do Projecto Hidroeléctrico de Mphanda Nkuwa (GMNK), Electricidade de Moçambique (EDM) and Hidroeléctrica de Cahora Bassa (HCB). EDM and HCB will own 30% of the project while the consortium will own 70% of it.
The consortium, EDM and HCB, also entered into a framework agreement with the Ministry of Mineral Resources and Energy (MIREME), paving the way for the future concession agreement.
The MNK project would increase Mozambique’s available electricity production capacity by more than 50% and could power more than 3 million households in Mozambique and the surrounding region, helping to promote economic and social growth in Southern Africa. It would also make a significant contribution to the region’s energy transition by providing reliable, competitive, renewable electricity.
Mphanda Nkuwa Dam is a proposed hydroelectric dam on the Zambezi River in Mozambique. The dam would be located about 60 kilometres downstream of the existing Cahora Bassa Dam near the city of Tete. Its power station would have a capacity of 1,500 megawatts
(Source: EDF – Image: Mphanda Nkuwa project/Moçambique para Todos)
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