Kuvaninga Concession Agreement Signed

August 1, 2013 (Maputo, Mozambique) – Enventure’s local partners on the 40 MW Kuvaninga Power Project, KDM, celebrated the execution of the project’s concession agreement at the headquarters of Electricidade de Mocambique (EDM) on Thursday Afternoon together with the ministry of energy officials. The concession agreement, which is the license granting the Enventure/Investec/KDM consortium the right to produce power, is the final governmental approval of this historic project. Within two weeks a notice-to-proceed will be issued and the project will begin it’s a construction schedule that will see the plant come online in the fourth quarter of 2014. Representing Enventure and our partners at the ceremony were (from right to left): Chivambo Mamadhussen, Pedro Manjate, Rui Gonzalez, & Safura Conceicao. Also attending the ceremony were the Minister of Energy for Mozambique Salvadore Namburete, and the Director of EDM, Mr. Augusto de Sousa.

On behalf of Enventure and Investec, the Directors of KDM met with Mozambique's Minister of Energy Salvadore Namburete (second from left) and Augusto de Sousa (first from left) to celebrate the execution of the Kuvaninga Power Project's concession agreement. Pictured from right to left: Chivambo Mamadhussen, Pedro Manjate, Rui Gonzalez & Safura Conceicao.

On behalf of Enventure and Investec, the Directors of KDM met with Mozambique’s Minister of Energy Salvadore Namburete (second from left) and Augusto de Sousa (first from left) to celebrate the execution of the Kuvaninga Power Project’s concession agreement. Pictured from right to left: Chivambo Mamadhussen, Pedro Manjate, Rui Gonzalez & Safura Conceicao.

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