Cahora Bassa Hydroelectric (HCB), in Mozambique, achieved its highest electricity production in the last five years in 2022, growing by 5.1% compared to 2021, totalling 15,753 GigaWatt-hours (GWh), as revealed in the company’s report and accounts.
According to the document made available to investors and obtained by Lusa on Tuesday 28 November, the hydroelectric plant’s peak production in 2022 compares to that recorded in 2015, when it reached 16,978 GWh, marking a significant milestone in operational efficiency.
In the same period, HCB generated revenues of over 27 billion meticais, making a significant contribution to the mozambican economy. Of this amount, around 2.7 billion meticais went to the state in the form of concession fees, approximately 5.1 billion meticais in taxes, and more than 3.7 billion meticais in dividends were distributed to series A and B shareholders, higher than the percentage recommended by the company’s articles of association.
HCB ended 2022 with 780 employees and a profit of 9.2 billion meticais, representing an increase of 9.3 per cent compared to 2021.
The chairman of HCB’s board of directors, Boavida Muhambe, emphasises the dam’s leading role in boosting the national and regional energy matrix, contributing to Mozambique’s development.
