Caculo Cabaça financing remains unresolved
By the AFREEQUE newsroom, based on Expansão
Angola’s Caculo Cabaça hydropower project is subject to discussions over outstanding payments, financing and the state’s financial responsibilities. Construction is to continue with commercial production announced for 2027 and full completion scheduled for August 2029, according to the Ministry of Energy and Water.
Chinese company China Gezhouba Group Corporation (CGGC) maintains its commitment to launch commercial electricity production at the Caculo Cabaça hydroelectric dam in Angola in 2027, while full completion of the project is scheduled for August 2029. The timetable was confirmed during a meeting in Beijing between Angolan Minister of Energy and Water João Baptista Borges and CGGC officials, according to the Angolan Ministry of Energy and Water.
The discussions also covered outstanding payments, the financing structure and the Angolan state’s financial responsibilities. João Baptista Borges called for coordination with the Ministry of Finance to find solutions that would allow work to continue, according to the Angolan Embassy in China.
During another meeting with POWERCHINA, the Chinese company responsible for several energy and water projects in Angola, the minister called for work to be accelerated to counter the effects of drought in the south of the country and for the Quilonga Grande water supply system to be completed. He also called for the rehabilitation of generating unit No. 2 at the Capanda hydroelectric power station to be accelerated and for a technical proposal to install batteries at two solar parks in Benguela, with a combined capacity of about 360 MW.
The request for batteries for the two solar parks in Benguela had already been announced on 5 November.
