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  Tuesday, October 22, 2019
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Technopromexport has signed a $112 million contract to build the second unit of the Kapanda hydroelectric power station in Angola
Technopromexport, Russia's state-owned power engineering construction company, has signed a $112 million contract to build the second unit of the Kapanda hydroelectric power station in Angola. The construction will be financed with a loan that a consortium of Russian banks will extend to the Angolan government for ten years, a company's press release said. The company said that this would be the first time Technopromexport would be building an electric power station overseas with funds provided by Russian banks. Under the contract, the company will carry out design work, deliver, assemble and put equipment into operation. The second 260-megawatt unit will bring the hydropower station's capacity to 520 megawatts and stabilize the Angolan electric power system, which has been damaged by many years of fighting in the country, the press release said. In June 2004, Technopromexport launched the first unit of the Kapanda station, which included two units with a total capacity of 260 megawatts. Technopromexport is building Angola's largest hydroelectric power station under a contract with the Angolan Ministry of Energy and Water
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