The Government of Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and AfricaGlobal Shaffer for the development of mini-grid energy facilities in the country.
With an investment of US$1.5 billion, the project will provide electricity and water to the municipalities of Cunene, Namibe, Cuando Cubango, and Huíla in Southern Angola. The project will provide electricity connections to all municipality headquarters and main communes in Angola. The power transmission and electrification will either be done by conventional solutions using extension lines and substations or by utilizing solar energy infrastructure. In addition, the project also aims to install water supply infrastructure.
The initial financing will be raised from US EximBank, which will cover the needs. The schedule for works will be published by the authority once the contracts for the works are finalized. The construction is expected to take 2 years.
The World Bank and the French Development Agency (AFD) have signed a USD500 million financing agreement for the Bita drinking water project in Angola.
Read moreThe government of Angola and the International Finance Corporation (IFC) have launched two requests for expression of interest (RFEOI) seeking communication consultant and technical consultant fo...
Read moreItalian oil and gas company Eni has signed a Memorandum of Understanding with the Government of Angola for the local developments, renewable energy projects, health promotion, and hydrocarbo...
Read moreThe ministry of transportation in Angola has concluded the studies of the concession model of light-rail surface metro system development in the capital city of Luanda. To start the implementation of...
Read moreThe National Assembly of Angola has approved a Bill that concerns the implementation of public-private partnerships (PPPs) in the country. The Bill is intended to accelerate the development pro...
Read more