ENE plans to double Angola’s generation capacity in 2014

Angola has some very ambitious plans, but traditionally suffers from sliding deadlines, and it is unlikely to meet its most immediate target of doubling electricity generation by end-2014. Even so, a number of major schemes are lining up, including Cambambe II – for which HSBC is leading financing – and later in the decade the 2,070MW Luca hydroelectric power plant on the Kwanza River. A number of targets were written into the government’s 2013-17 Plan of Action for the Energy and Water Sector, drawn up by the Ministry of Energy and Water.