ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Sat, 24 Feb 2018 10:41 - Updated Sat, 24 Feb 2018 10:43

Executive seeks over 247 million Euros for Laúca Dam

Luanda - More than 247 million Euros is the approved global amount of the financing agreement between Angola and Standard Chartered Bank to cover the energy transportation system associated with the Laúca Hydroelectric Plant.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Malanje: Lauca Hydroelectric Power Plant

Photo: Pedro Parente

The financial agreement approved in a presidential Decree published in State Gazette on February 20 to which Angop had access on Friday, will be initialed by the Minister of Finance.

This funding from Chartered Bank in favor of the Laúca dam will be added to another US $ 75 million, which will be made available by the South African Development Bank (DBSA).

Two of the six planned 334 MW turbines of Laúca dam are already in operation and the third starts operating in March.

When fully completed (by 2018), the dam will bring energy stability and the start of the process of interconnecting the north, central and southern systems of the country, and production will increase by about 122 percent.

Tags Economy   Energia  

Read also
  • 31/01/2019 17:55:18

    Governor guarantees support for agricultural development

    Saurimo - The provincial governor of Lunda Sul, Daniel Félix Neto, assured Thursday in Saurimo, to support peasants with agricultural instruments and seeds, as part of the Government's strategy to combat hunger and poverty.

  • 31/01/2019 10:43:25

    Angola and Namibia study model of Baynes dam construction

    Malanje - Angola and Namibia on Wednesday discussed technical, economic and environmental requirements for the construction of the Baynes Binational hydroelectric dam in the border region of both countries.

  • 30/01/2019 11:42:40

    Biocom to increase sugar output

    Luanda - The Bio-energy company of Angola (BIOCOM) expects to increase its sugar production this year, from the prior 73,000 produced in 2018 to 100,000 tonnes in 2019, said the firm’s assistant manager, Luis Júnior.

  • 30/01/2019 09:01:30

    Sonangol exports over 92,200 metric tonnes of crude-oil in last quarter of 2018

    Luanda - The state-owned National Fuel Society (Sonangol) exported in the last quarter of last year 92,211 metric tonnes of crude-oil, which yielded a revenue of just over 39.5 million dollars, announced on Tuesday the company’s Executive Commission head for international trade, Luís Manuel.