Angola has signed a memorandum of understanding with Privinvest, a Middle East industrial group, in a bid to introduce hydroelectric power
The government has said the memorandum will aid Angola’s 2025 Energy Security Plan to achieve 9,000MW of production by 2025, with priority for hydro-generation.
Companies Empresa Publica de Producao de Electricidade and Privinvest stated that they have committed to the creation of a joint venture company in Angola.
Operations are expected to commence with the commissioning of three test sites, which will have a combined anticipated production output of at least 12MW.
Commenting on this new venture Joao Baptista Borges, minister of energy & water, said, “Angola is one of the world's greatest untapped potential sources of hydro power. Its abundant waterways will allow, with the introduction of accessible technologies, the development of low cost energy for the rural and remote areas of this vast country.
“This agreement with Privinvest for the construction of hydrokinetic turbines and the establishment of hydro-energy fields, conforms with the Angolan government’s strategy to provide access to energy to more than 14mn people by the year 2025. We place immense trust in this agreement as well as the capacity and experience of our partners to transform Angola into a global leader in the promotion of clean and affordable energy solutions.”