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  • Russia pledges to finance 2,000 MW of hydropower for Angola

    Russian President Dmitry Medvedev and a delegation of energy and business officials scheduled a stop in Angola June 26, 2009, just days after a Russian ambassador pledged funds to finance two Angolan hydroelectric projects totaling 2,000 MW.

    Ambassador Serguey Nenachev told state-run Angola Press that Russia will provide an unspecified amount of funding for two dams on the Kwanza River on the border between Melanje and Kwanza Norte states.

    The diplomat said June 12 that the projects would be built between Capanda and Cambambe. Angola has existing hydro plants on the Kwanza including 520-MW Capanda (HydroWorld 2/4/08) and 260-MW Cambambe (HydroWorld 3/20/09), and the proposed 520-MW Cambambe 2. (HydroWorld 11/24/06)

    Although he did not disclose Russian companies to participate in the projects, Nenachev said Angolans could be assured of the quality of the work based on Russia’s participation in building the Capanda project.

    Russian engineering and construction company Technopromexport recently announced it completed its contractual obligations for the construction of the Capanda project in a ceremony with Angolan officials. Technopromexport, which installed Capanda’s last unit in 2007, said in 2008 that it planned to take part in tendering to build the 500-MW Nyanga and 500-MW Lauca hydro projects in Angola. (HydroWorld 2/4/08)

    Medvedev’s visit, part of a tour of African nations, is to highlight a rebuilding of Russian economic and commercial ties with Angola that lapsed during the collapse of the Soviet Union.

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