Everything You Need to Know About Angola’s $4.5 Billion Caculo Cabaça Hydro Electric Power Station

Everything You Need to Know About Angola’s 4.5 Billion Caculo Cabaca Hydro Electric Power Station DISCLAIMER : For Copyright Matters please Contact us directly.... Email Address [email protected]. Thanks Hello Displorers, welcome to another informative video presented to you by Displore and thanks for watching. In this video we shall examine another bold step construction in Africa, and look at everything you need to know about Angola’s 4.5 billion CaculoCabaca hydroelectric power station.Caculo Cabaça Hydroelectric Power Station is a 2,172 megawatts hydroelectric power station under construction in Angola. When completed, it will be bigger than the 2,070 megawatts Laúca Hydroelectric Power Station, the largest powerstation in the country, as of July 2017. The motive and raison-de-etre behind such a bold construction project by Angola coupled with its means and process will definitely serve as inspiration and motivation to other nations and even future project of Angola. That is why, it is important that the full bulletin of its plans, processes and finance be brought to the world, which is why we are bringing you everything you need to know bout this project. If you are new here, welcome, be sure to subscribe and turn on notifications so you don’t miss any of our videos. Location and Overview of the Project The power station is located at the village of São Pedro da Quilemba, near the city of Dondo, in Cuanza Norte Province. This location is approximately 195 kilometres, by road, southeast of Luanda, the capital and largest city of Angola. In August 2017, construction began on this power station, by the selected contractor, China Gezhouba Group Company Limited. The planned generation capacity at Caculo Cabaça is 2,172 megawatts, to be used in Angola and for export to the countries in the Southern African Power Pool.Construction is expected to last at least 80 months and in October 2019, the Angola Press News Agency reported that commercialcommissioning of this power station was expected in 2024.The main dam will be 103metres in height, with crest width of 553metres, creating a reservoir lake that measures 16.3kilometres in length, with a surface area of 16.6km2. Construction Costs and Funding The total project cost is budgeted at US $4.5 billion, 85% ofwhich is fundedby the state-owned Industrial and Commercial Bank of China, ICBC. The project is expected to allow access to electricity from 30% to 60% of the national population. The construction of the plant started in August 2017 and will continue for the next 5 years approximately. The project was cleared in 2015 and ICBC, the main financial posed the condition that it would be the Chinese consortium CGGC that would build it. According to an article in Spiegel, El Mundo and other sources, the daughter of the current Angolan president, Isabel dos Santos, has a high share in the consortium, which ensures revenues for the ruling family as well. The construction company, Gezhouba Group, will own, operate and maintain the power station for at least four years after commercial commissioning. During those four years, China Gezhouba will train Angolan technicians on how to manage the power station. An estimated 10,000 workers are expected to be hired during the construction phase. The highly funded project is believed to be one of the most expensive in Angola. Reasons for this Project A country blessed with many rivers, Angola’s hydropower potential is among the highest in Africa, estimated at 18,200 MW. Angola’s hydropower development has been mainly located on the Kwanza River, the country’s largest river, and includes the Capanda plant and the Cambambe plant, and is also home to several other hydropower projects either under construction or in the planning stages, including Laúca and Caculo Cabaça. In late 2016, the Industrial and Commercial Bank of China signed an agreement with the Angolan Government to grant a loan to finance the construction of the Caculo Cabaça hydropower project. Located in the Middle Kwanza, the project is expected to take over six years to build and will contribute to the power supply security of the domestic market, and that of neighbouring countries that form the Southern African Power Pool. This, coupled with increasing demand for electricity following years of strong economic growth and urbanisation, has placed hydropower development as a central element of the Angolan Government’s long-term vision for its power sector. The government’s stated aim is to substantially grow its hydropower generation capacity from its current levels of around 1,200 MW to 9,000 MW by 2025.The construction at Caculo-Cabaça started the same month of the inauguration of the 2070