Powering Angola: Chinese firm contracted to build Angola’s largest power plant worth $4billion
Angola has commissioned the construction of its largest hydro-power station. President Jose Eduardo dos Santos has described the construction of the Cakulo Cabasa Plant as crucial to the economic growth of the country.
Located in the North Kwanza province, the Caculo Cabaca hydropower station is expected to drastically ease power shortage in Angola. It has a total contractual value of more than $4 billion and a planned installed capacity of 2,172 million kilowatts, accounting for 50% of the total installed capacity of Angola. It will be constructed by China’s Gezhouba Group Company.
“The construction of Caculo Cabaça Hydropower Station will not only solve the problem of electricity shortage, but also greatly promote the local employment, providing career skills training for the local workers.”
The power project is expected to offer employment to at least 10,000 locals once completed, and construction is predicted to last for less than seven years.
The power project is just one of the many investments by Chinese government and businesses in Angola.
China has invested nearly $50 billion in the country, covering various areas in infrastructure development.