Angola: Construction of hydroelectric dams to cost US$8.4 billion

15 May 2008

Luanda, Angola, 15 May – The programme for construction of new hydroelectric dams in Angola will require investment of up to US$8.4 billion over a seven-year period, from 2009 to 2016, the director of the planning office of the water and energy ministry, Paulo Matos, said in Luanda.

Known as the “high scenario,” the set of projects of the water and energy Ministry includes hydroelectric development of the Kwanza, Catumbela and Cunene rivers, according to Matos, who made a presentation at the seminar on “Financing Large Projects” organised by the Ministry of Planning in partnership with the World Bank.

On the Kwanza River, the project will cost US$7.3 billion and include several developments totalling capacity of 1050 megawatts, due to be finished in 2015.

The Catumbela River project will cost US$340 million. The development will be restored and expanded to a capacity of 65 megawatts. It is due to be concluded in 2013.

The Cunene River project will cost US$750 million.

According to Matos, the ministry is also planning to build thermoelectric power plants of between 60 and 200 megawatts, transmission lines and sub-stations, as well as construction of regional and local high, medium and low voltage distribution networks. (macauhub)