Untitled Document

World Bank announces funding for Angola's Cambambe 2 hydropower project expansion

Angola Map

The World Bank has committed US$512 million to Angola to finance an expansion of the Cambambe hydropower project.

The funding, provided by the World Bank through its Multilateral Investment Guarantee Agency (MIGA), is a 13-year credit facility.

The money will pay for a 700 MW expansion that is being called the Cambambe 2. HydroWorld.com reported in April that Voith Hydro had been awarded a $130 million contract to supply four generators and turbines for the project.

"Harnessing the country's significant hydropower potential will provide an affordable and sustainable source of electricity to underpin Angola's efforts to build a more resilient and diversified economy," World Bank official Laurence Clarke said.

The Cambambe 2 project will be located on the Kwanza River and will also benefit from financing from Russia, HSBC Bank, Societe Generale and BHF-Bank Aktiengesllschaft.

For more news from Africa, visit here.

Latest Slideshow

Your Picture Here: Send Us Your Dam Selfie

View Slideshow >>

more slideshows >>   

Hydro Whitepapers

Hydro Industry Financials

Most Read Articles

Recent Comments

Continuing Education

Professional Development Hours
To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

03/01/2015
Volume 34, Issue 2
1503HRcover
03/01/2015
Volume 23, Issue 2
1503HRWcover

Archived Articles

2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
Hydro Review Past Issues

Buyers Guide Companies

USAT Corp

Cellular communication experts for wireless dat...

Nivus GmbH

The product range contains units for measuring ...

CAS DataLoggers

Manufactures data acquisition and control syste...

Bridgestone Associates Ltd

Consults, evaluates, acquisition due diligence ...

KISTERS North America Inc

Develops industry-leading off-the-shelf solutio...