Mozambique’s HCB Secures €125m AfDB loan for Upgrade

Hydropower. AfDB. Image Credit_AfDB

The system upgrade will help improve the reliability of grid networks and reduce outages in Mozambique, South Africa and Zimbabwe by ensuring the sustainable delivery of electricity across the regional energy network.

“We are delighted to support the Vital Capex program, given HCB’s central role in the Southern African Power Pool.  Additionally, HCB’s increased capacity, enhanced reliability, and ability to provide ancillary services will facilitate greater integration of variable renewable energy sources such as solar PV and wind in the wider region,” said Kevin Kariuki, Vice-President of the AFDB’s Power, Energy, Climate Change and Green Growth Complex.

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Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.