Eskom may pay double for Mozambican hydropower

Posted On Monday, 09 February 2004 02:00 Published by eProp Commercial Property News
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South Africa would pay more for Cahora Bassa hydropower if a new tariff scheme came into effect

EskomSouth Africa would pay more for Cahora Bassa hydropower if a new tariff scheme came into effect, Eskom spokesperson Fani Zulu said at the weekend, a day after representatives of Mozambique, Portugal and South Africa met in Maputo to adjust tariffs.

Negotiator Luis Amaral said Portugal wanted to sell Mozambique a controlling stake in the giant Hidroelectrica Cahora Bassa (HCB) power company.

Portugal holds an 82 percent stake in HCB and Mozambique holds 18 percent. Roughly 60 percent of the power produced is sold to South Africa. The countries and Eskom agreed to increase the rates HCB charges its neighbour for its electricity. It would soon start charging Eskom e0.83 (R7.40) a kilowatt hour, from e0.40 previously. The rate would rise to e1.41 in 2007. 

Zulu said the local price of electricity was determined by the National Energy Regulator. The increase, if approved, would therefore not affect consumers.


Last modified on Tuesday, 05 November 2013 11:14

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