Portugal’s Mota-Engil to compete for concessions on mini-hydroelectric plants in Angola

3 June 2011

Lisbon, Portugal, 3 June – Portuguese construction group Mota-Engil plans to compete for the concessions on mini-hydroelectric plants in Angola in partnership with the Vista group, which is associated to Banco Privado do Atlântico, the chief executive of the group told Portuguese financial daily, Diário Económico.

As the group has placed the energy sector on its list of priority investments for its international growth strategy, Jorge Coelho said that, in the case of Angola, the group’s interests were not limited to concessions on mini-hydroelectric plants.

“We are interested, via Mota-Engil Construções, in the large dams, but, unlike the mini-hydroelectric plants, we do not plan to act as operators, but rather only to build them,” Coelho noted.

The Angolan government plans to prioritise production of hydroelectricity under the terms of a public investment programme for the next six years, intended to make up for the country’s energy deficit. (macauhub)