Mozambique: HCB delivers 300 million dollars to the State

Hidroeléctrica de Cahora Bassa (HCB) contributed approximately 300 million US dollars to the Mozambican State in 2025, through taxes, fees, and dividends, maintaining the production and supply of energy despite the severe hydrological restriction. The accounts for the 2025 economic year were approved unanimously in an ordinary session of the company’s General Assembly, held on April 30. Even under severe hydrological restriction, HCB maintained its commercial commitments.

The company continued to supply energy to Electricidade de Moçambique (EDM), Eskom of South Africa, the Zimbabwe Electricity Supply Authority (ZESA), and the Southern Africa Power Pool (SAPP) markets. According to the Chairman of the Board of Directors, Tomás Matola, “HCB achieved revenues in the order of 344 million dollars and a net result of 112 million dollars, which reflects a prudent management of water and financial resources.” Matola added that “the export of energy continued to play a relevant role in the generation of foreign currency, contributing to the robustness of the country’s balance of payments.” On the operational level, the company faced a sharp reduction in water storage in the reservoir. At the end of the 2024/2025 rainy season, the level stood at 26.01 percent.

With restriction and recovery measures, this volume rose to 27.23 percent by December 31, 2025. The indicator was above the 21.19 percent recorded in the same period of 2024. HCB also proceeded with modernization projects.

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Among them, the rehabilitation of the South Power Station and the Songo Converter Substation stand out. Expansion projects are also advancing, such as the North Power Station and the Photovoltaic Plant, intended to strengthen production capacity and diversify the energy matrix. For 2026, the outlook is considered positive.

Water storage levels in the reservoir currently stand at 56 percent. This scenario could allow for production higher than the 11,716.76 GWh planned for this year, representing a growth of more than 7.29 percent compared to 2025.

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