Which countries supply power equipment to Angola?

In addition, European companies (Germany, Portugal) supply equipment to the energy sector. Portuguese, Brazilian, and Chinese construction companies generally lead in project construction. Electric power-related equipment (HTS 8411) exported to Angola in 2022, was valued at US$ 14.8 million.

What can US companies do in Angola?

The tenders, the first of many to be released by the Angolan government and AfDB through 2024, could present new opportunities for U.S. companies to provide power sector goods and services in Angola, particularly in power transmission and distribution, while expanding Angolans’ access to electricity.

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.

Why does Angola need more electric power?

Increasing electric power availability to diversify the economy and meet the increasing energy demand of a growing population is among the Angolan government’s highest stated priorities.

Who manages the energy sector in Angola?

The Ministry of Mineral Resources, Oil, and Gas (MIREMPET) is in charge of the country's oil, gas, and biofuels activities. The Ministry of Energy and Water (MINEA) manages the electricity sector. Angola has a significant gas potential, with estimated reserves of 129 bcm (end of 2023). Proven oil reserves are estimated at 1 Gt (end of 2023).

What is the energy potential of Angola?

The Ministry of Energy and Water (MINEA) manages the electricity sector. Angola has a significant gas potential, with estimated reserves of 129 bcm (end of 2023). Proven oil reserves are estimated at 1 Gt (end of 2023). The country also has an important hydroelectric economic potential, estimated at 65 TWh/year.