São Tomé: Italian group Italbrevetti builds electric plant in capital

17 April 2008

São Tomé, São Tomé and Príncipe, 17 April – The Italian business group Italbrevetti plans to invest just over 5 million dollars to build an electric plant in Bobô-Forrô, an area located three kilometers outside the capital of São Tomé and Príncipe, a group representative has announced.

Michele Sciurb, who is also Italy’s consul in São Tomé, said Wednesday that the new thermal power plant will take nearly three weeks to install and have an energy production capacity of four megawatts.

The Italbrevetti group will in turn earn the right to exploit the hydroelectric dam on the Contador River located in the northern part of São Tomé, about 30 kilometers from the capital, which currently produces 1.6 megawatts of power.

Italbrevetti’s investment is the basis for an agreement signed with the energy authorities of São Tomé and Príncipe via the national water and electricity utility (EMAE), which holds the monopoly on energy production and commercialization in this island country.

The agreement with the Italian group is framed in the scope of the government’s policy to end the energy crisis that has affected São Tomé and Príncipe in the last three years due to production incapacity at the Agua-Grande thermal power plant in the center of the capital, which supplies 80 percent of all power produced in the islands. (macauhub)