Angolan energy sector to see investment of US$23.6 billion by 2017

26 September 2013

The Angolan government plans to invest US$23.6 billion to develop the energy sector in the 2013-17 period, the Minister of State and Head of the Civil House of the Angolan Presidency, Edeltrudes da Costa said Wednesday in Luanda.

Speaking at the opening session of the 1st International Conference on Energy and Water, due to end Friday at the Talatona Conference Centre in Luanda, the minister said that the size of the investment was proof of the priority given by the government to the energy sector.

Cited by Angolan news agency Angop, da Costa said that the “Angola 2025 Strategy” for long term development, which includes the 2013-2017 Action Plan for the Energy and Water Sector, outlined clear goals for the country’s human development.

The Minister of State noted the approval of a programme to repair and expand the water distribution system in 132 municipal capitals by 2017 as well as the “Water for All” programme to provide drinking water to 80 percent of the rural population by 2015.

As well as Angolan specialists, the event is attended by representatives of South Africa, Cape Verde, Sao Tome and Principe, Namibia, Mozambique, Portugal, Brazil, Russia, France, Italy and the United Arab Emirate as well as regional and world organisations with links to the sector. (macauhub)