Thursday, December 23, 2010

Doubling of Electricity Production

The government of Angola has just announced that it intends to invest 18 billion dollars by 2016 in the construction of energy infrastructures, in order to remedy the shortfall which is affecting the country. Statistics show that less than 30 per cent of the Angolan population has access to electricity.

Speaking on the sidelines of the recent state visit of Angolan President Eduardo dos Santos to South Africa, Minister of Energy and Water, Emanuela Vieire Lopes stressed that a substantial increase in the production of energy in Angola, some 7,000 megawats, would be achieved only with use of hydroelectric generation.  At least 68 sites for building of mini-hydroelectric powers have been identified with the objective of reaching 100% of power supply to the population.

The realization of these investments  is stated to be accomplished by setting up a fund which will be fed by oil revenues on 100 thousand barrels/day and executed in accordance with the rules of the General State Budget. (ANGOP)

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