Angola and China plan to jointly construct a hydropower plant in Angola - the largest of its kind in the African subcontinent
Category: #world  By Dhananjay Punekar  Date: 2017-08-10
  • share
  • Twitter
  • Google Plus
  • Facebook
  • LinkedIn

Angola and China plan to jointly construct a hydropower plant in Angola - the largest of its kind in the African subcontinent

China Gezhouba Group Company Limited, a Chinese-based construction & engineering firm, is expected to build the Caculo Cabaca mega hydropower venture in Angola in the North Kwanza province of the Dondo region. If reports from reliable sources are to be believed, this is the biggest hydroelectric power station to be set up across the African continent and will satisfy the power supply requirements of the country, in addition to providing a boost to the regional hydropower market.

Caculo Cabaca hydroelectric power initiative has been estimated at USD 4.5 billion with a planned installation capacity of nearly 2,172 megawatts. The venture is anticipated to be culminated within a span of 80 months, and is expected to contribute substantially in terms of socio-economic growth as well as infrastructural development of the country. Experts claim that this mega project is certain to curb the shortage of power supply in a long run.

The project will prove beneficial for the country in more ways than one – for starters, the project will help to generate a plethora of employment opportunities in the region. As per official statements released by authentic sources, the ongoing construction work on the project will provide employment to nearly 10,000 locals. In addition, keeping in accordance with the agreement between CGGC (China Gezhouba Group Company) and Angolan authorities, the former will be held accountable for the plant operations as well as maintenance over the period of the first four years. In this period, CGGC is expected to provide training to the technical staff of the country and guide the experts in handling the power plant operations effectively.

Reports state that Angola is one of the biggest trading partners of China along with being the largest importer of its goods & services in Africa. Angola and China have shared amicable business relationships with each other since the pre-independence days of the former. The latter has made investments amounting to nearly USD 50 billion across the region to improve the infrastructure of the African country.

For the record, the trade between the two nations was evaluated at nearly USD 25 billion in 2010, reaching the pinnacle of growth. In the entirety of 2011 and the first two months of the latter half of 2012, Angola was the second biggest business partner of China across the African continent after Republic of South Africa.



About Author

Dhananjay Punekar

Email: dhananjay.p@news.marketsizeforecasters.com   

Dhananjay Punekar

Dhananjay Punekar presently develops content for a slew of portals, including Market Size Forecasters and Algosonline. A post graduate in mathematics and business administration, he worked in Infosys BPO Limited prior to switching his professional genre. As a content wr...

Read More

More News By Dhananjay Punekar

AstraZeneca & Emulate to bring advanced organ-on-chip tech in labs
AstraZeneca & Emulate to bring advanced organ-on-chip tech in labs
By Dhananjay Punekar

AstraZeneca Plc, a biopharma firm headquartered in the UK, has entered into a collaboration with Emulate Inc. to include organ-on-a-chip technology into its R&D program. As per authentic sources, the strategic move...

German court bans old diesel cars on roads with immediate effect
German court bans old diesel cars on roads with immediate effect
By Dhananjay Punekar

Germany’s top administrative court, in a surprise move, has apparently directed city authorities to prohibit the older diesel-driven cars from running on the streets right away. Sources cite that the decision had...

EDF sounds out bidders for a 49% stake in its wind farm business
EDF sounds out bidders for a 49% stake in its wind farm business
By Dhananjay Punekar

EDF Energy, an integrated French energy firm headquartered in the UK, is apparently trying to raise funds through the sale of nearly 49% of its stake in its wind farm business. For the record, the firm is one of the co...