Ver Angola

Energy

Sonangol and ENI together in the field of wind energy. Oil company will save 20 million a year with partnership

Sonangol entered into a partnership with ENI in the field of wind energy. According to Baltazar Miguel, executive director of the oil company, with this partnership Sonangol will save 20 million dollars a year.

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This collaboration aims to develop a project to generate 50 megawatts of this type of renewable energy.

Baltazar Miguel, quoted by Rádio Nacional de Angola (RNA), explained that this step represents, for the first time, by the state oil company the diversification of its areas of activity.

"It means for the first time on the part of Sonangol the diversification of its business portfolio, because Sonangol ceases to act essentially what was its core of fundamental activity and also starts to act within the energies that part of the Sonangol group's strategy of its transition energy," he said.

Furthermore, this project – for which the first stone has already been laid – will enable the company to save 20 million dollars annually, says Baltazar Miguel.

"It will allow Sonangol to have a cost reduction of over 20 million dollars/year and will also allow Namibe province to reduce its dependence on thermal electrical energy sources, which is the case of generator groups", he said, quoted by RNA.

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