Mozambique picks Total, EDF for 1,500 MW hydro project -Bloomberg

Electricite de France SA

26/05/2023 12:42

May 26 (Reuters) - Mozambique picked TotalEnergies SE
 TTEF.PA  and Electricité de France SA (EDF)  EDF.PA  as
strategic partners in a $4.5 billion hydropower project,
Bloomberg reported on Friday citing a government statement.
    The selected consortium includes EDF, TotalEnergies, and
Sumitomo Corp  8053.T , Bloomberg reported. 
    Another consortium that bid for the project comprised ETC
Holdings, Zesco Ltd. (Zambia), CECOT (a Mota-Engil subsidiary),
and PetroSA (a unit of South Africa's Central Energy Fund).
    The 1,500 megawatt (MW) Mphanda Nkuwa dam and an associated
transmission line is aimed at easing a power crisis in the
region. 
    It would be close to the existing Cahora Bassa hydropower
dam, which can generate 2,075 MW of power and sell more than
half of its output to neighbouring South Africa.
    The Mozambique government has said it expects financial
close on the project in 2024 and completion by 2030, with the
energy partners needing to invest $500 million to $700 million,
Bloomberg reported.

 (Reporting by Seher Dareen in Bengaluru; editing by Jason
Neely)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))