- Total Energies will focus on business opportunities in the renewable energy sector.
- The investment is estimated at USD 100 million.
Total Energies has promised to focus on seeking business opportunities in the renewable energy sector in the Angolan market and might extend its investments to the hydroelectric sector.
The information was given recently, in Luanda, by the CEO of the Total Energies company, Patrick Pouyanné, at the end of an audience granted to him by the Angolan Head of state, João Lourenço.
Patrick Pouyanné did not rule out the company’s possibility of investing in the hydroelectric sector. Also, he noted that in June 2021, the multinational company he leads signed an agreement with the Angolan authorities to create a solar energy park in Huíla Province, in Lubango City.
He said it is an infrastructure that generates around 35 megawatts for the country’s electricity grid and can still be extended to another eight megawatts.
The CEO of Total Energies revealed that the investment is around USD 100 million.