Angola’s electricity company wants to stabilise its financial position by 2015

14 March 2013

Angolan electricity company Empresa Nacional de Electricidade (ENE) is expected to reach 2015 in a sustainable economic and financial position and to achieve this it recently approved a strategic plan for the 2013-2015 period, the company’s chairman said in Luanda Wednesday.

José Carlos das Neves said that in 2008 the company had launched an internal restructuring process that created business areas in the main segments of the value chain, specifically in production, transmission and distribution.

The improvements seen from the restructuring process, said the chairman of ENE, were recognised by the government when the Economy Ministry approved the company’s 2011 annual report and accounts, which only happened for a few public sector companies.

Cited by Angolan news agency Angop, José Carlos das Neves noted that to achieve a sustainable economic and financial situation ENE had installed pre-paid electricity supply system in the provinces of Cabinda, Malange, Huambo and Kwanza Sul.

Neves added that the company had an installed capacity of 1,906 megawatts and availability of 1,445 megawatts, although turnover currently represents just 70 percent of production.

Empresa Nacional de Electricidade currently has around 300,000 customers for low, medium and high voltage electricity. (macauhub)