ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Tue, 16 Oct 2018 11:10 - Updated Tue, 16 Oct 2018 11:09

Angola: Energy power reaches 4.409 MW

Luanda - Angola’s energy sector is since 2017 saving an overall 669,000 liters diesel/day with entrance into operation of new power plant, which enabled the country to have currently an installed 4,409 megawatts.

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

President of the Republic, João Lourenço, making a speech in the Parliament on the State of the Nation.

Photo: Rosario dos Santos

The data was provided on Monday by Angola’s president, João Lourenço,while addressing at the National Assembly on the State of the Nation, adding that since 2017 at least  36,13.000 new household connections were made, especially in the provinces of Luanda, Huambo and  Benguela.

The new household connections, said the president, comes as a result of the investments made in the energy sector, mainly of those directed to production, transport and distribution.

According to the data unveiled by the Head of State, Angola’s overall energy production since2017 mostly being captured in moving waters corresponding to 78 percent of the country’s supply.

This was made possible through investments applied in the construction of Laúca and Cambambe dams located in the north Malanje province along river Kwanza.

However, the president underscored that there are still efforts to be done to revive projects for the construction of water network to reduce the supply deficit in Luanda and inner cities.

João Lourenço also spoke of the new laws approved by the government, which are expected to lure more investments in the oil sector and halt the natural decline verified in the oil output, focus on the Law on Exploitation and Production of Non Associated Gas Industry.

According to the president, a process has already begun for the implementation of a National Petroleum and Gas Agency to take over the position of national gas and petroleum concessionaire, thus replacing Sonangol, which is expected to be focused merely on the research and petroleum output.

Regarding the diamond sub-sector, said the president, a new marketing policy has been developed, which will allow greater market opening, increase revenue of the State and of the producing companies.

This new policy could also stimulate more investments in the diamonds prospecting and exploitation and boost local industry, which will add value to the stones and create qualified jobs in the country.

In order to achieve this, measures are being prepared to improve the attractiveness of the mining sector so that large multinationals operating in this field can invest in the prospection, exploitation and transformation of the various mineral resources in the country that go beyond oil, gas and diamonds, said Angola’s president.

Read also
  • 01/02/2019 12:50:27

    Angola presents measures for good business environment

    Luanda -The ambassador of Angola to Guinea-Bissau, Daniel Rosa, last Thursday in that country’s capital spoke about the quality of business and measures adopted by the Angolan Executive for the present Angolan context.

  • 25/01/2019 18:51:52

    Luanda Railway's workers suspend strike

    Luanda - The 17 trains of the Luanda Railroad (CFL) are back to normal, starting as from next Monday, as a result of the suspension of the general strike that began on January 14.

  • 14/01/2019 17:38:46

    TAP pilot forced stopover at Pointe Noire

    Luanda - The decision to land the TAP plane on a Lisbon-Luanda flight in the Congolese city of Pointe Noire last Saturday (January 12), due to the departure from Luanda of the flight carrying Angolan President João Lourenço to Dubai, "was entirely up to the captain" of that Portuguese company, Angop has learned.

  • 10/01/2019 12:15:32

    Chinese want to invest USD 10 billion in Angola

    Lubango - Chinese investors have available US $ 10 billion to invest in the fields of industry, agriculture and scientific research said Wednesday in Lubango, Huíla province, the minister- counsellor of the Chinese embassy , Li Bin.