In Angola, the government has just signed a $ 500 million financing agreement with the African Development Bank (AfDB). The funds will help set up the first phase of the Energy Sector Extension and Efficiency Program for the Center / South region (ESEEP-1).
This first phase incorporates three components, including the construction of a 400 kilovolt transmission line between the two regions, over a distance of 343 kilometers. The initiative also takes into account the installation of prepaid meters in order to improve the sector’s revenues as well as the management of the project’s design and implementation component.
Its final objective is to allow millions of households, businesses, industries and small and medium-sized businesses to be connected to the electricity grid. The transmission infrastructure will allow the central and southern regions to have access to more than 1,000 MW of excess electricity produced in the north of the country at Cuanza Norte, Malanje and Zaire.
Remember that the country has the lowest electricity tariff in the region ($ 0.05 / kWh) according to the Ministry of Energy.
Source: Agence Ecofin