Angola signs $ 1.5 billion MoU on solar and hydro projects with US company –

Angola has signed a memorandum of understanding with Sun Africa and the American company AfricaGlobal Shaffer to create the largest mini-grid energy project in Africa. This is part of a $ 1.5 billion project that will be implemented by Sun Africa.

The project is expected to cover the southern provinces of Cunene, Namibe, Cuando Cubango and Huíla in Angola. The memorandum indicates that their project will consist of the electrification of all municipal offices and the main municipalities of the country.

Angolan Energy and Water Minister João Baptista Borges signed the document on behalf of Angola, in the presence of President João Lourenço, as part of a visit to the United States.

Borges said the aim of the project is to provide electricity and water to the population and to promote the emergence of economic enterprises.

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“Electrification will be done either by conventional solutions, with the extension of lines and the construction of substations, or by solar energy. The United States is one of the leading countries in installing these systems, mainly in remote areas, where this solution is most available and most accessible, ”he said.

The project includes the installation of water supply systems, the minister said, adding that Sun Africa will mobilize financial resources from the US Eximbank to cover the needs of the project.

He indicated that as soon as the contracts are signed, the execution period will be defined, foreseeing that the project could be implemented in two years.

According to the official, the MoU reflects the importance the United States attaches to cooperation with Angola, the credibility the country currently deserves with American financial institutions and proof of the priority that the Angolan executive grants the expansion of access to electricity and water.

The protocol was signed on the sidelines of a roundtable on investments in Angola, an initiative of the United States-Angola Chamber of Commerce.

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Angolan-American Chamber of Commerce President Pedro Godinho praised the roundtable and added that attendance at this event had increased among many American companies that had not attended previous events.

He said the increase in attendance at the Angolan event was due to ongoing reforms in Angola, with a focus on cracking down on corruption, as well as the credibility the country has started to gain with institutions such as the International Monetary Fund and the World Bank.


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