[2019-04-18] Angola hosts business forum on renewable energy

Source: Macauhub

The city of Luanda will host a business forum on renewable energy in June, which is expected to attract more than 200 investors, said a director of Angola’s Private Investment and Export Promotion Agency (Aipex).

Sandra Dias, Aipex director for Promotion and Attracting Investments and Promotion of Exports, told daily newspaper Jornal de Angola that the forum was expected to be attended by German and Israeli businesspeople, as well as Angolans.

The forum will be used by Aipex to show the business community a general snapshot of the country’s energy situation, including electricity generation, public investment objectives in the sector, priority areas, type of investment and financial figures for this purpose.

“With this event, we hope to attract the largest number of entrepreneurs interested in investing in this segment and thus cover the needs of citizens and industry in areas where the power of the public grid is deficient or non-existent,” she said.

A source from the Ministry of Energy and Water, which co-organises the business forum, acknowledged in the newspaper that there are shortcomings in the electricity supply to the population, mainly because of the spread of people in rural areas and difficulty accessing certain places.

The source also said that Angola has the potential to produce electricity from renewable sources, noting that the geographical position of Angola favours water, solar, wind and biomass production.