The BKB consortium, made up of four of South Korea’s largest companies, will conduct the technical, economic, financial and environmental feasibility study for the construction and operation of a gas-fired combined cycle power plant in Benguela province, Angola.
An order from President João Lourenço, published in the country’s official gazette on 28 August, said that the South Korean consortium includes Busan Korea Biotechnology (BKB), Korea Southern Power (KOSPO), Hyundai Engineering Co (HEC) and BHI, along with Angola’s Beltec – Engenharia e Serviços.
The order states that the Memorandum of Understanding between the Ministry of Energy and Water of Angola and the BKB consortium was approved, taking into account the need to improve and increase the supply of electricity to Angola.
Order 114/18 does not mention the amounts agreed in the award of the works to BKB.
The studies point to a power plant with a production capacity of 750 megawatts (MW) to be built on the basis of the BOT (Build, Operate and Transfer) system according to which the consortium agrees to build, finance the construction, operate and maintain the power plant for a given period before transferring the infrastructure asset to the government.
The BOT system has been accepted since the end of 2017 by the Angolan government wi8thin the scope of a review of the law on public-private partnerships in Angola.
The project for the new gas-fired combined-cycle power plant comes at a time when state-owned Sonangol is considering proposals to restart construction of the Lobito refinery, also in central Angola’s Benguela province.
In the province of Zaire, in the north of Angola, the combined cycle power station in Soyo, with an installed capacity of 750 MW, produces electricity for the public grid from natural gas. (macauhub)