HCB has surpassed the 2018 energy output target
The annual hydroelectric production of Cahora Bassa SA in 2018 was 13,659 GWh, 1.39 per cent more than planned in a year in which, thanks to the hydrological management measures taken by the company, in conjunction with the improvement of the inflows, there was a gradual improvement of water storage in the Cahora Bassa reservoir. For 2019, the Company established 14,809 GWh as production target.
The improvement of the performance and the increase of the energy production, maximising the installed capacity, also results from the plan of modernisation of the infrastructures of the production chain, which the Cahora Bassa Hydroelectric Plant is implementing.
This is the 10-year CAPEX Vital, which provides for investments essentially in the dam, in the generation plant, in the Songo and Matambo substations and in the energy transmission lines, in order to increase its technical and operational reliability and also to extend its useful life, after more than 40 years of exploration.
In view of the hydrological and concentration risks, the company’s 2018-2022 strategic plan foresees the expansion of productive capacity, diversification of businesses and the exploration of new investment opportunities in the energy sector. It is in this context that, at the General Meeting of the Company, amendments were approved in its bylaws that allow this option to be made viable.
At the same time, for the stability of the Company, the viability of the critical investment programs and implementation of the process of sale of 7.5 percent of the shares of the Cahora Bassa Hydroelectric Plant on the Mozambique Stock Exchange, the Government approved the extension of the project of Cahora Bassa for another 15 years from 2033.
– Club of Mozambique