Investment deal for sugar production in Angola signed in Malanje

24 August 2009

Malanje, Angola, 24 Aug – A contract for production of sugar and electricity in Malanje, Angola, as part of biofuel exploration, was signed Friday in Malanje by the National Agency for Private Investment (ANIP) and Companhia de Bioenergia de Angola (Biocom).

The agreement made official an investment proposal for biofuels in the Malanje region, the project of which is being carried out by Biocom in the municipality of Cacuso, 72 kilometres to the north of the provincial capital.

Rui Gourgel, a Biocom official, said that the investment was estimated to total US$220 million and initially outlined annual production of 268,000 tonnes of sugar and 45 megawatts of electricity, which would make it possible to extract enormous quantities of ethanol.

For the next few months, he said, the amount of sugar produced is expected to double, in order to provide for the country’s needs (estimated to be 400 tonnes of imported sugar per year), by significantly reducing imports. (macauhub)