Angola power prospects receive major boost from Aenergy, GE investment

Plans by Angola to grow its energy generation capacity by 2025 have received a major boost when a local independent power producer and engineering procurement and construction contractor – an American-headquartered electric company signed an order to expand a major power plant in the northwest of the country.

Aenergy (AE) and General Electric (GE) have entered the contract, valued at $220 million, to expand the Soyo Combined Cycle Power Plant, which would add up to 750 megawatts (MW) to the country’s grid. This is equivalent to power needed to supply more than 3 million Angolan households- about a tenth of the population.

Ricardo Machado, Chief Executive Officer of AE, said the Soyo power plant expansion project was a milestone for the Aenergy group in Angola, contributing towards increasing the country’s power generation capacity aligned with the government’s energy objectives. The partnership is in line with Angola’s vision for development of the
electricity sector in the 2018-2025 horizon.

Source: CAJ News Africa

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