Angolan Government to invest US$1.2 billion in hydroelectric facilities

21 August 2009

Cuito, Angola, 21 Aug – The deputy Angolan Energy Minsiter, João Baptista Borges said Thursday in Cuito, in Angola’s Bié province, that the government planned to quickly replace the energy potential the country had before its civil war, by 2013.

He added that in order to carry out the programme of refurbishment and construction of new dams, the government expected to invest 92.6 bllion kwanzas (US$1.2 billion) from foreign credit lines, as well as using Angolan state funds.

The government member, who was speaking during the first consulting council of the Energy Ministry, noted it was the government’s intention to boost production capacity in order to increase the quantity and improve the quality of the country’s electricity supply.

In order to do that, he added, it was necessary to build new hydroelectroc facilities, such as the second phase of the Cambambe, Matala, Jamba-ya-mina, Jamba-ya-oma, Biopio and otehr dams, which will contribute to the development of the energy sector in Angola. (macauhub)