The pre-qualification process of potential investors for the Mphanda Nkuwa hydroelectric project in Tete was concluded today in Maputo, with the selection of two individual companies and five international consortiums. The elected officials were presented during an investors' conference.

According to the Director of the Project Implementation Office, Carlos Yum, the companies will submit their technical and financial proposals for the continuation of the hydroelectric project.

"We, at this point, have completed the pre-qualification of the companies which are two individuals and five large consortia," he said.

According to Carlos Yum, the companies came to the conference with their experts who are expected to produce reports for their companies over the next two days regarding investment proposals going forward.

"After that, we will move to an implementation agreement," he revealed.

The Mphanda Nkuwa hydroelectric project and associated power transmission infrastructure is valued at 4.5 billion US dollars.