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Mota-Engil invests in hydropower in Angola

15 June 2011 No Comment

Mota-Engil includes energy in the list of priority investments within the international growth strategy. The company’s watchword is to diversify the business, using as support the regional platforms where the group is already present, contrary to the climate of recession affecting the Portuguese economy. In this context, the group is preparing to enter the bidding competition that the Government of Luanda is finalising in the hydroelectric area. “We are going to participate in the concession of small hydro plants, in partnership with the Vista group, linked to Banco Privado Atlântico,” says Jorge Coelho, CEO of Mota-Engil, to the newspaper Diário Económico. However, these undertakings are not the only ones in the plans of the Portuguese company. “Through Mota-Engil Engenharia e Construção, we are interested in large dams. However, unlike the small hydro plants, we do not intend to act as operators. Only in their construction,” stresses the manager. Angola prepares to give priority to hydropower production, under the public investment programme set for the next six years, thus seeking to enhance their lossmaking power-generating plants.”

Source: Diário Económico, 01/06/2011