Portuguese company Resul studies construction of electricity meter factory in Angola

23 May 2013

Portuguese company Resul – Equipamentos de Energia is preparing to build an electricity meter factory in Angola in order to meet demand for this type of equipment, said the chairman and founder of the company.

Carlos Torres told Portuguese newspaper Sol that the idea of building the factory had come from members of the Angolan government who suggested that an assembly line be set up for the electricity metres, specifically pre-paid meters, given the demand that is expected.

The chairman of Resul said that the company now wanted guarantees that after it had invested “four or five million euros” the project will be viable on a long term basis, mainly in terms of competition.

The pre-paid electricity meters operate using a rechargeable mobile phone card and “are a guarantee of payment, which is a major concern in Africa.”

Angola is currently Resul’s greatest source of turnover, accounting for 9 million euros in 2012, and Portugal accounted for around 30 percent in the company’s consolidated accounts, of 30.5 million euros in 2012.

Resul, which was founded 25 years ago and has two factories in Portugal, one in Mozambique and another in Canada, is present in countries such as Burundi, Suriname and Israel. (macauhub)