Angola intends to spend some USD18 billion to upgrade its dams and power grids and end all power cuts by 2016. The fund will back the African nation’s biggest investment in the energy sector since the end of a civil war in 2002, said Carlos Feijo, minister of state.
“By 2015 or 2016 we could have our energy problem resolved,” Feijo was quoted by Reuters as saying. “The (energy) minister will soon launch a tender for the new dams.”
The new dams will help Angola generate more than 4,000 megawatts of electricity by 2016, Feijo said.