Caculo Cabaça 2171MW hydroelectric power plant

6/11/2015
Project development, Project finance

$ 4.53 billion

Announced

6/11/2015


Overview:

  • Caculo Cabaça 2171MW hydroelectric power plant.
  • The dam is to be built on the Kwanza River in northwest Angola and is set to be the biggest power project in Angola's history.
  • The project is part of a wider plan by the Angolan government to produce 9000MW of energy by 2025, turning the country into an exporter of electricity to markets such a Namibia and South Africa.
  • The project is being developed and constructed by a consortium made up of China Gezhouba Group Corporation, Boreal Investments and Niara-Holding.
  • $4.5 billion in financing is being provided by a consortium of lenders led by Industrial and Commercial Bank of China (ICBC).
  • Hydropower accounts for more than two thirds of Angola's energy generation and the Kwanzi river itself already has two dams: the 180MW Cambambe and the 130MW Capanda, while a third the 2069.5MW Laúca Dam is under construction.

Sam Duke - Editor

Jurisdiction:

Angola

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

England and Wales

Industry sector:

Energy


Firms:

Party: Industrial and Commercial Bank of China Ltd (Arranger)

Lawyer: Chin Chuan Chen


Party: Angola Ministry of Finance (Borrower)