The financial statements of Hidroeléctrica de Cahora Bassa (HCB), referring to the year 2021, revealed a loss of 21 billion meticais.

This amount missing in the company's accounts derives from the lack of payments from some clients, among which Electricidade de Moçambique (EDM) with a debt of 16 billion meticais. In 2020 EDM's debt to HCB was 12 billion meticais.

Another company that is in default with HCB is the Zimbabwean electricity company, ZEZA. It owes 2.6 billion meticais until December 31, 2021, and 5.6 billion in 2020.

South Africa, through its electricity company ESKOM, also damaged HCB's accounts in 2021, with a debt estimated at two billion meticais, compared to 2.2 billion meticais recorded in 2020.

The Regional Power Exchange (SAAP) also contributed in 2021 to tarnish HCB's accounts, with a debt valued at 136.9 million meticais, compared to 150 million recorded in 2020.

With customer debts, HCB has accumulated impairment valued at 6.8 billion meticais against 8.7 million meticais recorded in 2020.

The company produced 14,990 GWh of energy, an amount that represents about negative 2% when compared to the 2020 production.

HCB's total assets grew from 75 billion meticais in 2020 to 79.8 billion meticais in 2021. The company's liabilities decreased from 4.6 billion meticais in 2020 to 2.2 billion meticais in 2021. Equity stood at 77.6 billion meticais in the last balance sheet, compared to 70 billion meticais last year.

With the production, transport and commercialization of electrical energy, HCB invoiced last year about ten billion meticais against 9.5 6 billion meticais registered in the previous year.