Luanda, Angola — ESI-AFRICA.COM — 01 November 2010
The government of Angola says the contribution of electricity to the country’s power potential is low, and oil by-products provide about 95% of the commercial energy used in rural and peri-urban areas.
Revealing this here in an address to the 4th International Conference on Energy, oil minister Botelho de Vasconcelos said that hydro-electricity was among Angola’s key economic resources, but pointed out that the development of hydro-electric resources for internal use or export required huge investment.
Summarising the energy situation, de Vasconcelos emphasised that the country had significant energy potential. “This includes considerable oil and natural gas reserves, huge hydro-electric potential, various firewood resources, and cultivation of raw materials for the production of bio-fuels,” the minister added.