Mozambique Seeks to End 50-Year South Africa Hydropower Pact [Financial Post (Toronto, Ontario, Canada)]
SOUTH32 LTD SPNS/ADR (SOUHY)
NASDAQ:AMEX Investor Relations:
south32.net/docs/default-source/exchange-releases/notice-of-annual-general-meeting-2017-and-director-election.pdf?sfvrsn=b80badf_6
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Source: Financial Post
most industrialized economy and threatening the viability of Africa's second-biggest aluminum smelter. Author of the article: (Bloomberg) — Mozambique plans to end half a century of hydropower supply to South Africa's state-owned electricity utility, raising risks for the continent's most industrialized economy and threatening the viability of Africa's second-biggest aluminum smelter. In the country's yet-to-be published energy transition strategy, a copy of which Bloomberg has seen, Mozambique details the plan to secure the 1,150 megawatts of power it sells to South Africa from its Cahora Bassa plant for its own use. Article content Article content “The main short-term hydro priority is the repatriation of electricity from Hidroelectrica de Cahora Bassa currently exported to South Africa” when the contract ends on Dec. 31, 2030, the government said in the strategy document. Mozambique's energy ministry didn't respond to a request for comment. The decision creates a head
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