Ver Angola


Berkeley Energy makes 1.5 billion investment in renewable energy in Angola

Berkeley Energy has in its sights the Angolan renewable energy sector and, to that end, decided to proceed with an investment worth 1.5 billion dollars for the construction of hydro, wind and biomass photovoltaic plants in various parts of the country.


Luka Buljan, executive director of Berkeley Energy – an international company specializing in projects in this field – stressed that the company is committed to investors and producers of this type of energy, focusing on emerging markets in Africa and Asia.

Cited by Jornal de Angola, the official – who was speaking at the International Conference on Renewable Energy, which took place last week in Luanda – also took the opportunity to mention that the company is collaborating with the regulator of this sector to contribute to the fight against energy shortages in the country, within the scope of the Government's plan that aims to reach the goal of 9.9 gigawatts by 2025.

He also mentioned that the company, together with its local partner, began, in 2018, a study on the hydroelectric potential on the Cuando River, having found three sites to install projects: "Berkeley Energy, together with Elektra, its local partner , started, in 2018, the hydroelectric potential study of the Cuango River, in Lunda-Norte, and identified three sites for the implementation of medium-sized projects called Vuka 1; Vuka 2 and Vuka 2, whose objective is to replace thermal sources in use in the mining industry and municipalities, as well as promoting the expansion of the national transport network to the Eastern Region", he said, quoted by Jornal de Angola.

He also took the opportunity to mention that in order to achieve the goal of self-sufficiency by 2025, around 23.3 billion dollars should be invested, by attracting private investment and implementing Public-Private Partnership initiatives in building projects from scratch, writes Jornal de Angola.


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