{"id":50689,"date":"2023-11-19T20:12:01","date_gmt":"2023-11-19T20:12:01","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa"},"modified":"2023-11-19T20:55:26","modified_gmt":"2023-11-19T20:55:26","slug":"afdb-to-provide-162-million-dollars-for-mpanda-nkuwa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa","title":{"rendered":"AfDB to provide 162 million dollars for Mpanda Nkuwa"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The African Development Bank (AfDB) intends to disburse 162 million dollars for the implementation of the Mpanda Nkuwa hydroelectric project on the Zambezi River, about 60 kilometres downstream from the existing Cahora Bassa dam, in the central Mozambican province of Tete.<\/p>\n

The amount, according to Wednesday\u2019s issue of the Maputo daily \u201cNoti\u0301cias\u201d, will be granted as a soft loan to the publicly-owned electricity company, EDM.<\/p>\n

The Bank has also committed itself to disburse a further 300 million dollars in guarantees for investments in this hydroelectric project.<\/p>\n

Mozambique\u2019s power sector currently has a capacity to generate 2,750 megawatts, and when the Mphanda Nkuwa dam is in operation, it is expected that the country will generate 4,300 megawatts.<\/p>\n

The project includes a power station with an installed capacity to generate 1,500 megawatts, and a high voltage electricity transmission line running for 1,300 kilometres, from the Zambezi Valley to Maputo.<\/p>\n

According to Carlos Yum, Director of the Mpanda Nkuwa Implementation Office (GMNK), who was speaking at the African Development Forum, held recently in Morocco, Mpanda Nkuwa Hydroelectric project was one of those projects selected by the Forum, held under the AfDB\u2019s auspices.<\/p>\n

Yum explained that AfDB chose Mpanda Nkuwa project after appreciating \u201cthe organized structure of the project, as well as the technical, environmental and financial viability of it, considering its social impact, in the context of the Sustainable Development Goals (SDGs).\u201d<\/p>\n

The GMNK, on the sidelines of the Forum, also met with the Islamic Development Bank and the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The African Development Bank (AfDB) intends to disburse 162 million dollars for the implementation of the Mpanda Nkuwa hydroelectric project on the Zambezi River, about 60 kilometres downstream from the existing Cahora Bassa dam, in the central Mozambican province of Tete. The amount, according to Wednesday\u2019s issue of the Maputo daily \u201cNoti\u0301cias\u201d, […]<\/p>\n","protected":false},"author":84,"featured_media":50687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-50689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nAfDB to provide 162 million dollars for Mpanda Nkuwa - Mozambique<\/title>\n<meta name=\"description\" content=\"The African Development Bank (AfDB) intends to disburse 162 million dollars for the implementation of the Mpanda Nkuwa h ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB to provide 162 million dollars for Mpanda Nkuwa\" \/>\n<meta property=\"og:description\" content=\"The African Development Bank (AfDB) intends to disburse 162 million dollars for the implementation of the Mpanda Nkuwa h ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-19T20:12:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-19T20:55:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1700414541.169405.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AfDB to provide 162 million dollars for Mpanda Nkuwa\",\"datePublished\":\"2023-11-19T20:12:01+00:00\",\"dateModified\":\"2023-11-19T20:55:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1700414541.169405.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/afdb-to-provide-162-million-dollars-for-mpanda-nkuwa\",\"name\":\"AfDB to provide 162 million dollars for Mpanda Nkuwa - 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