Africa Monitor Intelligence

Mozambique: Mozal Shutdown Announcement Puts Government in Emergency Mode

The prevailing argument is that the government cannot indirectly finance Mozal with "bargain" prices at the expense of the Cahora Bassa Hydroelectric Plant (HCB), which, like Electricidade de Moçambique, has been a resource for financing current expenses (civil servant salaries) and compensating for treasury problems (AM 1521). READ MORE