Cahora Bassa Hydro disburses 55% of its profits to shareholders

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  • Hidroeléctrica de Cahora Bassa (HCB) will distribute 55% of its profits – valued at 13 billion meticais – to its shareholders.
  • The Mozambican state, HCB’s largest shareholder, will receive 6.3 billion meticais.
  • HCB is the biggest IPP in Southern Africa and owner operator of the Cahora Bassa Hydroelectric Complex  comprising of a variety of engineering infrastructures – the Hydroelectric Power Station, the Songo Converter Substation, the HVDC and HVAC Transmission Lines and the Matambo Substation – which enables the production, transmission and commercialisation of energy.
  • The hydroelectric power station is situated on the south bank of the river: 220 m long, 29 m wide and 57 m high. It comprises five generator sets, each formed by a Francis turbine of 415 MW.

HCB recorded profits of around 13 billion meticais in 2023. The company decided at its Ordinary General Meeting to allocate 55% of profits to its shareholders, 35% to investment reserves and 10% to retained earnings. The company plans to further increase generation capacity by 5%. Read more

“HCB will pay dividends of around 6.3 billion meticais to the Mozambican state, the majority shareholder, and around 297 million meticais to individuals, companies and national institutions that became part of the Company’s shareholder structure after the public sale held in 2019. The payment of dividends to the Mozambican state will contribute to the implementation of Mozambique’s socio-economic development plans,” the HCB statement reads.

Author: Bryan Groenendaal

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