Gemcorp Angola Signs MoU With Ministry of Energy to Establish Platform for Investments in Energy Sector
2024年5月25日 - 2:05AM
Yesterday, the Ministry of Energy and Water in Luanda signed a
memorandum of understanding with Gemcorp Angola. This agreement
aims to establish a platform in the country that will facilitate
the execution of investments in the energy sector.
The memorandum outlines the implementation of projects to
upgrade the Capanda Hydroelectric Plant and construct electrical
power transmission lines extending to the border with Namibia.
These initiatives will strategically position Angola as a
significant energy exporter to other Southern African countries.The
memorandum was signed by Rui Gourgel, the President of the Board of
Directors of RNT - National Electricity Transmission Network, and
Marcus Weyll, the CEO of Gemcorp Angola. The Minister of Energy and
Water, João Baptista Borges, and the Secretary of State for Energy,
Arlindo Carlos, were also present at the event. Marcus Weyll, CEO
of Gemcorp Angola, said: “Our mission at Gemcorp Angola is to
contribute to the diversification of the economy and ensure that
water and energy are readily available to serve the Angolan
community and support the country’s development. This memorandum of
understanding that we have signed today is a crucial step towards
fulfilling our commitment. It also serves as an unequivocal
indicator of the Government’s progress in this sector, in enhancing
installed capacity and creating opportunities for new and
significant investments.”
For further information, contact:
Gemcorp@citigatedewerogerson.com