HCB produced close to 15,000 GWh in 2021

3
Mozambique: HCB produced close to 15,000 GWh in 2021
Mozambique: HCB produced close to 15,000 GWh in 2021

Africa-Press – Mozambique. The Cahora Bassa Hydroelectric Power Plant (HCB) in 2021 recorded production of 14,990 GWh, 6.12% above the planned production.

This production figure results from the availability of water resources and also of equipment for the generation and the transport of energy, but actually represents a drop of around 2%, when compared to 2020 figures.

Regarding the availability of water resources, on December 31, 2021, levels stood at 320.01 meters above average sea level, representing a useful stored volume of 72%. At the time, the Cahora Bassa dam had a created docking capacity of just over 14.6 billion cubic meters compared to the full storage level, at a 326 m quota/elevation.

During the 2021 financial year, HCB shares on the Mozambique Stock Exchange (BVM) performed relatively satisfactorily, closing the year at 3.00 meticais per share as a result of market confidence. Around 3.0 million shares were traded between January and December 2021, representing just over 90% of the total shares traded on the secondary market on the BVM, valued at approximately 6.6 million meticais.

“The technical and financial indicators for 2021 allow us to conclude that HCB remains a financially robust company, capable of self-financing while honouring its commitments to the state, shareholders, partners and suppliers,” says Boavida Muhambe, CEO of HCB.

“Technically, Cahora Bassa remains a resilient venture. Our commitment is to maintain HCB as an extremely profitable asset for its shareholders, and capable of providing quality energy to our SAPP customers.”

For 2022, the company has set an annual production target of 14,228 GWh. The target takes into account programmed stoppages for maintenance and the rehabilitation of the power plant having an impact on the availability of the equipment for energy generation, conversion and transport.

For More News And Analysis About Mozambique Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here