Norwegian group Hydro to invest in aluminium foundry in Angola

8 February 2011

Luanda, Angola, 8 Feb – Angola will soon have an aluminium foundry, the director of Hydro Aluminium Angola, Gustav Saatad said Monday in Luanda during the 1st National Conference on Clean Energy.

Speaking to Angolan news agency Angop, Saatad, the director of the Angolan subsidiary of Norwegian group Hydro, one of the world’s largest aluminium producers, said that the company aimed to produce aluminium in Angola, making use of the high potential for renewable energy in the country.

The aluminium foundry project is expected to cost US$5 billion and when it goes online will produce 450,000 tons of aluminium per year.

In May 2009 Hydro and the Angolan government signed a memorandum of understanding to analyse the feasibility or an integrated hydroelectric and aluminium production project.

At the same conference, Angola’s Water and Energy Minister, Emanuela Vieira Lopes, announced that 36 localities would benefit from solar powered systems, which would provide electricity to schools, medical posts, water pumping systems, public administration facilities, homes and police stations. (macauhub)