{"id":75286,"date":"2025-01-05T19:19:58","date_gmt":"2025-01-05T19:19:58","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september"},"modified":"2025-01-05T20:46:31","modified_gmt":"2025-01-05T20:46:31","slug":"profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september","title":{"rendered":"Profits of Cahora Bassa Hydroelectric increase by 13.4% to \u20ac195 million by September"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The profits of the Cahora Bassa Hydroelectric plant, located in central Mozambique, grew by 13.4% in the first nine months of the year, reaching 12.919 billion meticais (\u20ac194.9 million), according to financial information accessed yesterday by Lusa. This performance contrasts with the net profits of 11.389 billion meticais (\u20ac171.8 million) recorded between January and September 2023, with the hydroelectric\u2019s management estimating profits of nearly 13.039 billion meticais (\u20ac196.7 million) for the entire year of 2024.<\/p>\n

In the same report, sent to the Mozambique Stock Exchange, the company states that its balance sheet, along with liquidity and solvency indicators, \u201cdemonstrate financial stability in the short, medium, and long term.\u201d<\/p>\n

It adds that the 8.2% increase in equity, to 97.793 billion meticais (\u20ac1.475 billion), was \u201cinfluenced by the growth in retained earnings,\u201d while the 2.3% rise in total liabilities, amounting to 3.312 billion meticais (\u20ac49.9 million), \u201cis primarily due to the value of dividends\u201d owed to the Portuguese shareholder Redes Energe\u0301ticas Nacionais, \u201cwhich had not been paid as of 30 September.\u201d<\/p>\n

The Mozambican state holds 90% of Cahora Bassa Hydroelectric\u2019s share capital, following its transfer to Mozambique as part of an agreement with Portugal in 2007. The Portuguese company Redes Energe\u0301ticas Nacionais (REN) owns a 7.5% stake, while Electricidade de Moc\u0327ambique holds 2.5%.<\/p>\n

The Cahora Bassa reservoir is the fourth largest in Africa, with a maximum length of 270 kilometres and a width of 30 kilometres, covering 2,700 square kilometres with an average depth of 26 metres. The facility employs nearly 800 workers.<\/p>\n

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

Africa-Press – Mozambique. The profits of the Cahora Bassa Hydroelectric plant, located in central Mozambique, grew by 13.4% in the first nine months of the year, reaching 12.919 billion meticais (\u20ac194.9 million), according to financial information accessed yesterday by Lusa. This performance contrasts with the net profits of 11.389 billion meticais (\u20ac171.8 million) recorded between […]<\/p>\n","protected":false},"author":84,"featured_media":75285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[3192,604,5963,241,283,309],"class_list":["post-75286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-eritrea","tag-kenya","tag-lesotho","tag-mauritius","tag-mozambique","tag-tanzania"],"yoast_head":"\nProfits of Cahora Bassa Hydroelectric increase by 13.4% to \u20ac195 million by September - Mozambique<\/title>\n<meta name=\"description\" content=\"The profits of the Cahora Bassa Hydroelectric plant, located in central Mozambique, grew by 13.4% in the first nine mont ...\" \/>\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\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profits of Cahora Bassa Hydroelectric increase by 13.4% to \u20ac195 million by September\" \/>\n<meta property=\"og:description\" content=\"The profits of the Cahora Bassa Hydroelectric plant, located in central Mozambique, grew by 13.4% in the first nine mont ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september\" \/>\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=\"2025-01-05T19:19:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-05T20:46:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2025\/01\/sm_1736095538.489681.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"749\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\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\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Profits of Cahora Bassa Hydroelectric increase by 13.4% to \u20ac195 million by September\",\"datePublished\":\"2025-01-05T19:19:58+00:00\",\"dateModified\":\"2025-01-05T20:46:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september\"},\"wordCount\":254,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2025\/01\/sm_1736095538.489681.jpg\",\"keywords\":[\"Eritrea\",\"Kenya\",\"Lesotho\",\"Mauritius\",\"Mozambique\",\"Tanzania\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/profits-of-cahora-bassa-hydroelectric-increase-by-13-4-to-e195-million-by-september\",\"name\":\"Profits of Cahora Bassa Hydroelectric increase by 13.4% to \u20ac195 million by September - 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