Ver Angola


President appreciates Joe Biden's commitment to financing solar energy project

The President thanked this Tuesday, in Luanda, the commitment of his counterpart from the United States of America (USA), Joe Biden, to finance the solar energy project that will be developed in the south of Angola.


João Lourenço expressed his satisfaction when speaking at the opening of the 38th edition of the Luanda International Fair (Filda), which started this Tuesday in the capital.

According to João Lourenço, this solar energy production project in Huíla, Namibe, Cunene and Cuando Cubango "will transform the lives of millions of Angolan citizens in rural areas, particularly in those provinces".

The head of state stressed that, on Monday, he held a meeting with the president of the North American Export and Import Bank (Eximbank), Reta Jo Lewis, who is in Angola to work with the Angolan side in financing this project.

"I thank, on behalf of all Angolans, President Joe Biden for his commitment, which was decisive in ensuring that this project actually starts, becomes a reality and a flagship of relations between Angola and the United States of America", said João Lourenço.

The President highlighted that the African country is producing more and more electricity, mainly from clean sources, in the Baixo Kwanza Basin, with the energy produced in the combined cycle of Soyo, in the hydroelectric dams of Capanda, Cambambe, Laúca and from the solar parks from Biopio, from Baía Farta, in Benguela, from Caraculo, in Namibe, and soon also in Lunda Sul, Lunda Norte and Moxico.

Leaving the meeting with the President, Reta Jo Lewis, quoted by Angop, said that the banking institution has been working with Angola since 1942 and last June granted the Portuguese-speaking country financing of 900 million dollars, to support the construction of two photovoltaic solar energy.

Earlier this year, the Ministry of Finance and the Eximbank signed a 2 billion dollars financing agreement for the production of renewable energy in Angola.

In 2014, that US institution signed a memorandum of understanding with the Government to finance sectors such as energy, infrastructure, railways, roads, mining, telecommunications, agriculture, equipment for construction and the environment, as well as water and sanitation projects.

With the memorandum, the Eximbank has already provided financial support to Angola for the acquisition of Boeing aircraft by TAAG, the state-owned airline, and two fire trucks, manufactured by the US company Oshkosh, for the Empresa Nacional de Navegação Aérea (ENNA).


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