Luanda, Angola, 27 July – Portuguese business group Escom plans soon to build three hydroelectric facilities in the Angolan province of Lunda Norte, the chairman of the group said Monday in Luanda.
On the sidelines of the signing of an investment contract to build the “Palanca Cimentos” cement factory, to be built in the municipality of Lobito, Benguela province, Hélder Bataglia said that construction of the three dams was expected to cost US$400 million.
The chairman of Escom also said that construction of the three facilities would make it possible to boost the energy supply in the east of Angola and allow for several industrial projects to be set up, such as cement factories.
Bataglia also said that the project had been approved by Angola’s Council of Ministers and was now in its initial phase of execution. (macauhub)