|
|
Article: Mozambique : Brazil Camargo to develop Mozambique hydro plant.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: shiv03
Brazilian construction company Camargo Correa said a new $2 billion 1,500 megawatt hydro-power station in Mozambique was expected to produce its first power in 2015, the company's chairman said on Thursday.
Vitor Hallack, Camargo's chairman said the company was the developer of Project Mphanda Nkuwa on the banks of the Zambezi, leading a group of companies including Mozambique's electricity company EDM.
Headquartered in Sao Paulo, Camargo Correa is a family-owned group active in the construction, cement, engineering and oil and gas services, with revenues of $10 billion, Hallack said.
"On the first stage we contemplate ...