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China could finance new Mozambique project.


Mozambique Mozambique, city, Mozambique
Mozambique, city: see Moçambique.
Mozambique, country, Africa
Mozambique (mō'zəmbēk`), officially Republic of Mozambique, republic (2005 est. pop.
 has completed negotiations to build a $2.3bn hydroelectric power hydroelectric power: see power, electric; water power.
hydroelectric power

Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy.
 plant at Mpenda Nkua, 70km north of Cahora Bassa The Cahora Bassa lake is southern Africa's second-largest artificial lake, situated in the Tete Province in Mozambique. The name Cabora Bassa is also often seen, as this was used during the colonial period.  dam. The new facility, possibly funded by China's Export Import Bank, will generate 1,200MW of electricity. The rapidly developing country has been on a quest to shore up its generation of energy since 2001 and is actively considering a further hydro hy·dro  
adj.
Hydroelectric.

n. pl. hy·dros
1. Hydroelectric power.

2. A hydroelectric power plant.
 installation on the Zambezi River's north bank. The former Portuguese possession acquired control of Cahora Bassa earlier this year through the purchase of 67% of the project's holding company, Hidroelectrica de Cahora Bassa for $950m, bringing its stake up to 85%. The installation generates 2,000MW of electricity.
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Title Annotation:Power; Export Import Bank of China
Publication:African Business
Article Type:Brief article
Geographic Code:9CHIN
Date:Jan 1, 2007
Words:110
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