Ashurst acts on the development of the Mphanda Nkuwa hydropower project

Global law firm Ashurst is representing the consortium comprising EDF (40%), TotalEnergies (30%) and Sumitomo Corporation (30%) in connection with the development of the Mphanda Nkuwa hydropower project, on the Zambezi River in Mozambique. The project is anticipated to be a 1,500MW run of river hydropower project and will increase Mozambique's available electricity production capacity by more than 50% and could power more than 3 million households in Mozambique and surrounding region.

The consortium has been selected as strategic partner for the development of the project by the Government of Mozambique and will hold a 70% stake in the project, with the remainder being held by Mozambique's state utility Electricidade de Moçambique, EP and Hidroeléctrica de Cahora Bassa, SA, the operator of the Cahora Bassa dam.

Lead partner Jean-Louis Neves Mandelli commented "We are incredibly proud to be supporting this outstanding group of sponsors on this very ambitious project, building on the many years of experience our team has had advising on market leading IPPs in Sub-Saharan Africa, and Mozambique in particular".