Optiv energy Angola

What is Angola's energy mix?

Angola’s current installed capacity is estimated at 5.7 GW but only 70 percent is in use. The country’s current energy mix consists of 61.8 percent hydropower, 37.6 percent other fossil fuels and 0.6 percent hybrid (solar/fossil fuel).

Which companies are active in Angola?

U.S.-based power product and solutions companies active in Angola include GE, Cummins, Caterpillar, and Westinghouse Turbines, among others. In addition, European companies (Germany, Portugal) supply equipment to the energy sector. Portuguese, Brazilian, and Chinese construction companies generally lead in project construction.

How much oil does Angola produce a day?

The country has set national targets of maintaining oil production above 1.1 million barrels per day through 2027, while increasing the share of natural gas in the energy mix to 25%, with recent M&A activity set to support these goals. Afentra Completes Acquisition of Angolan Blocks

How much does Angola spend on electricity?

The portion of the Angolan government budget dedicated to the electricity production, transmission and distribution sectors increased to US$ 817.2 million in 2023 from US$490 million in 2022. Angola’s national budget for electricity assessment allocated is around US$ 249.4 million.

Who will build a 50 MW solar power plant in Angola?

The Italian company ENI signed a concession agreement with the government for the construction of a 50 MW solar plant in Namibe province, in southwestern Angola. The solar power plant will be constructed by Solenova, a joint venture between ENI and Angolan state-owned oil producer Sonangol.

How will the prepaid meter program help Angola?

The program will also assist the Angolan government to install 1.2 million prepaid meters with the goal of increasing Angolans’ access to electricity from its current estimated 42 percent in most cities and less than 10 percent in rural areas to 50 percent by 2025.