LISBON: Portugal planned sale of its 15-percent stake in Mozambique Cahora Bassa hydroelectric dam has been delayed due to technical and financial problems, but the countries' leaders said on Tuesday they expect to reach an agreement on the matter soon.
"Obviously our expectation was to reach a deal, but it did not happen at this moment due to the technical complexities involved," Mozambique President Armando Guebuza said after meeting Portuguese Prime Minister Pedro Passos Coelho in Lisbon.
"We believe that we will soon have a solution for these problems and will reach a deal," he added. "There is willingness from both parties."
Mozambique's Energy Minister Salvador Namburet was quoted earlier on Tuesday by Portuguese state news agency Lusa as saying the parties had failed to agree on a price for the stake.
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