Mogae off to Mozambique

source: BOPA
27 November, 2007

GABORONE – President Festus Mogae will attend the handover of the Cahora Bassa Dam to the Mozambique government by Portugal today.

Cahora Bassa is the biggest dam in Southern Africa and which was constructed in the 1960s by a consortium of South African, Italian and German investors headed by Anglo American Trust.

Since construction ended in 1974 Portugal has retained control of the dam, until a memorandum of agreement signed early this month that gives Mozambique charge of the dam.

The new arrangement gives Mozambique 85 per cent of the Cahora Bassa Hydroelectric (HCB) project while Portugal will retain only 15 per cent.

The project has capacity to produce 2 000 megawatts of electricity and is one of the main suppliers of power to [continue reading]

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