Mozambique Seeks to End 50-Year South Africa Hydropower Pact [Yahoo! Finance]
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: Yahoo! Finance
continent's most industrialized economy and threatening the viability of Africa's second-biggest aluminum smelter. Most Read from Bloomberg Donald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin Dossier A $560 Billion Property Warning Hits Banks From NY to Tokyo Apple's China Slump Deepens Even as Total Sales Grow Again QQQ Up in Late Trading as Meta Soars, Apple Falls: Markets Wrap Apple China Slowdown Sparks Fears That Prized Market Is at Risk 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. “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
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