The Moroccan group Somagec, led by Roger Sahyoun, has signed a Memorandum of Understanding (MoU) for the construction of the “electricity highway” in Angola, a project aimed at strengthening the country’s energy transport and its integration into the regional market. With an amount of 1.3 billion dollars, this investment will not weigh on the finances of the Angolan state and will be carried out according to the BOOT model (Build-Own-Operate-Transfer).
The agreement was concluded between the presidents of the Boards of Directors of the National Electricity Transmission Network (RNT) and Somagec Energy, a subsidiary of the Moroccan group. It provides for the establishment of high-voltage lines as well as state-of-the-art electrical substations.
Already active in Angola in the electricity transmission sector, Somagec has strengthened its foothold by creating Somagec Energy Holding LTD. At the same time, its subsidiary ENPOWER has obtained import-export licenses for electricity as part of the Southern African Power Pool (SAPP), an energy network covering several countries in Southern Africa, to optimize electricity supply.
The project is part of a regional dynamic aimed at exporting the Angolan production surplus, which reaches 2,000 MW, to the Democratic Republic of the Congo (DRC) and eastern Zambia, with an estimated revenue potential of 750 million dollars per year.
Particular attention is being paid to the Cabinda region, with the aim of providing energy to Congolese mines. The initiative aligns with the energy strategy of the Angolan government, which encourages private investments in transmission infrastructure through concessions.
The protocol signed between the RNT and Somagec Energy provides for the transfer of infrastructure to the state at the end of the concession period, the duration of which is yet to be specified.