Angola Mining: Gov restructures public companies in the electricity sector

The government of Angola has created three new companies to manage the country’s electricity sector with total share capital of US$10.912 billion and closed two others at the same time, under the terms of a presidential decree dated 20 November, Macauhub reports.

Public companies were founded for electricity production, transmission and distribution: Produção de Electricidade (Prodel), Rede Nacional de Transporte de Electricidade (RNT) and Empresa Nacional de Distribuição de Electricidade (ENDE) and the two companies that were shut down were Empresa Nacional de Electricidade (ENE) e Empresa de Distribuição de Electricidade (EDEL).

Prodel is responsible for operating “power production centres in the public interest,” and has registered capital of US$4.997 billion and Rede Nacional de Transporte de Electricidade “is dedicated exclusively to managing the system, market operation (single buyer) and the management of the transmission grid,” and has statutory capital of US$2.997 billion.

Finally, Empresa Nacional de Distribuição de Electricidade (ENDE) will be devoted exclusively to “sale and distribution of electricity within the public electricity system,” and has statutory capital of US$2.918 billion.