Bloomberg News

Portugal to Sell 15% Stake in Cahora Bassa Dam to Mozambique

April 09, 2012

Portugal’s Prime Minister Pedro Passos Coelho agreed to sell Mozambique a 15 percent stake in the Cahora Bassa hydroelectric dam for $42 million.

The agreement may lead to more investment in Mozambique, Passos Coelho told reporters in Maputo, the capital, today. The dam provides power to Mozambique and its neighbors.

To contact the reporter on this story: Fred Katerere in Maputo at fkaterere@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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