The Angolan government plans to invest about US$266 million in the energy transport system projected related to the Laúca hydroelectric plant, which is under construction on the River Kwanza, in the province of Malanje.
The funding of US$285.8 million will be provided by Standard Bank Chartered according to information published in state bulletin, Diário da República.
Under construction since 2012, the Laúca dam between Cacuso (Malanje) and is designed to produce 2,070 megawatts of electricity.
In March of this year the dam’s reservoir began to be filled in order to provide water to generate power.
This project, which cost the Angolan state US$4.5 billion, will allow the interconnection of energy systems in the north, centre and south of the country, which could benefit more than 8 million people. (macauhub)