Angola will stop importing electricity meters that it needs, under the terms of an investment contract signed Thursday in Luanda between the Technical Unit for Private Investment (UTIP) and Energitec – Contadores de Energia, Lda.
The project signed with the PICU includes the design, construction and operation of a plant for the manufacture and assembly of electrical energy meters and represents an investment of US$15.35 million.
The company, which will occupy an area of over 3,000 square meters in the Viana district, on the outskirts of Luanda, has two production lines, one for single-phase meters and another for three-phase meters, with an initial capacity to produce 1,000 meters a day .
António Papoila, chairman of the Portuguese company Janz – Contadores de Energia, which provides technological support to Energitec – Contadores de Energia, said the plant will start to be installed in August and should start operating six to nine months later.
This investment project will create 500 direct jobs, of which 437 for Angolans and 63 for foreigners. (macauhub/AO/PT)