Cahora Bassa Hydro (HCB) Has Reshuffled it’s Board

Google+ Pinterest LinkedIn Tumblr +
  • Hidroelรฉctrica de Cahora Bassa (HCB), a major producer and exporter ofย hydro energy in Mozambique has reshuffled its board of directors for the next three year period.
  • The new board of directors was installed on Tuesday this week and is made up of four executive directors and two non-executive directors.
  • A new chairman is yet to be appointed.

The new boardโ€™s executive directors are Moisรฉs Machava, Abraรฃo dos Santos Rafael, Rui Manuel Alfredo da Rocha and Nilton Sรฉrgio Rebelo Trindade.

The non-executive directors are Manuel Tomรฉ, former secretary-general of the Mozambican Liberation Front (Frelimo), the ruling party, and Joรฃo Faria Conceiรงรฃo.

Theย  board is now composed by six members, two less than the outgoing one.

Four members of the Board of the Shareholdersโ€™ General Meeting and three members of the Fiscal Council were also elected, according to the HCB communique.

Related news: Demand for HCB shares oversubscribed

Hidroelectrica de Cabora Bassa (HCB), the company which operates the Cabora Bassa dam on the Zambezi in the western Mozambican province of Tete, is one of the major power suppliers in the region. Their power generation output was up 4.7% in 2020. Read more

The Mozambican state owns 85% of HCBโ€™s shares, 7.5% are owned by Portuguese company REN (National Energy Networks) and another 7.5% by several private investors.

Author: Bryan Groenendaal

Share.

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.