Download Angola : towards an energy strategy by International Energy Agency PDF

By International Energy Agency

On the request of the Angolan executive in 2005, the IEA performed a survey of the Angolan power quarter and effort guidelines. This ensuing document on Angola makes a speciality of parts for precedence motion and hones in on strength subsectors more likely to play the biggest position in assembly household call for for contemporary power companies: significantly electrical energy and oil items. As biomass presently performs a tremendous function in assembly the bulk  Read more...

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Promote exploitation of national resources, particularly through the use of hydropower and natural gas, to satisfy internal demand as well as export opportunities. ■ Promote local initiative and participation of local entities in the development of the electricity sector. ■ Promote the participation of private investment in the development of the electricity sector, including assuring private investors, while safeguarding the public and national interests. This appears to be a reasonable set of principles to guide the sustainable development of the sector.

The country also boasted a thriving manufacturing sector before the civil war, accounting for 18% of GDP in 1973, although it may have been inefficient due to high tariff protection. Its GDP share has now fallen to less than 4%, mainly in light industries such as food processing, beverages and textiles. Heavy industries either operate well under maximum capacity (cement) or are inoperative (steel). 6% in 2003. In the services sector, the communications sub-sector grew by 35% in the first half of 2004, reflecting the launch of a second cellular phone operator and increased traffic volumes.

Also make it difficult to arrive at a comprehensive assessment of the country’s fiscal situation, and hence to win the support of the international community (including the signing of the much debated SMP). In 2003, the kwanza depreciated by 37% against the US dollar, yielding a sizeable real appreciation which hampered growth prospects in the non-oil economy. The stabilisation plan, implemented since September 2003, has included exchange rate unification, the launch of weekly sales of foreign exchange, enhanced control over commercial banks’ liquidity (through new legal reserve requirements and regulations on commercial banks’ foreign exchange positions) and closer policy co-ordination between the Treasury and the National Bank of Angola (BNA).

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