MoU signed for minigrid energy concession in Angola

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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.

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