Angolan energy sector needs US$5 billion

26 August 2009

Luanda, Angola, 26 Aug – The Angolan energy sector needs investments to the value of US$5 billion, according to a study published Tuesday in Luanda by Odebrecht Intertechne Angola and commissioned by the Angolan government.

In statements to Angolan news agency Angop, Odebrecht’s international products manager, Sérgio Kraenzer, said that the project included the creation of 5,000 kilometres of energy transmission lines and eight 620 kilowatt substations throughout the country’s northern, southern and central regions.

With the carrying out of this project, added Kraenzer, 5,100 megawatts of electrical energy would be distributed throughout the country, surpassing the 967 megawatts currently being produced.

According to Sérgio Kraenzer, the project would begin in 2011 and is expected to be finished by 2016, a timeframe he considers to be realistic for its completion.

He added that the project did not envisage the supply of all consumers, adding that this would require greater financial investment and more time.

The Angolan Electrical System Planning Project took 18 months to complete and was carried out by Odebrecht under the guidance of the Energy and Water Ministry. (macauhub)