Oil derivatives still dominate energy production in Angola

29 October 2010

Luanda, Angola, 29 Oct – Electric power’s share of Angola’s overall energy balance is very low, given that oil derivatives account for 95 percent of power consumption in rural and outlying areas, Angolan Oil Minister Botelho de Vasconcelos said in Luanda.

At the Thursday opening of the 4th International Energy Conference, Botelho de Vasconcelos stated that hydroelectric resources are among Angola’s main economic resources. He stressed, however, that their development for domestic use or export requires a great deal of investment capital.

“Hydroelectric power resources associated to the use of natural gas to produce electricity may be attractive cheap energy sources for high energy consumption industries or for export,” he said.

Angola is rich in natural resources, with vast oil and natural gas reserves, hydroelectric potential and resources of ligneous fuel and raw material crops for producing biofuels, he added.

The great potential of renewable energy sources, especially solar power and hydroelectric resources for micro and mini hydropower plants, has not been sufficiently addressed, Botelho de Vasconcelos said.

He explained that Angola’s primary power consumption in recent years has been roughly distributed as follows: 60 percent based on biomass (ligneous resources), 37 percent on oil and gas derivatives, and 3 percent on electricity. In rural and outlying areas the population generally uses biomass as the only available energy source. (macauhub)