- Voith is set to supply equipment for the large-scale hydropower plant Caculo Cabaça in Angola.
- The order comprises all electrical and mechanical equipment, including the installation of four Francis turbines with an output of 530 MW each, an additional Francis turbine with an output of 52 MW, generators, control and auxiliary systems and a customized training concept.
The hydropower plant on the Kwanza River is around 250 km southeast of the capital Luanda in the province of Kwanza Norte. Caculo Cabaça is set to be connected to the grid there with a total capacity of 2,172 MW before the decade is out. The pilot tests were recently completed. Following commissioning of the power plant, around two-thirds of Angolan energy will come from hydropower.
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This important project will be coordinated from in Heidenheim, Germany, where most of the value creation will be generated at the company’s headquarters. This makes the project execution challenging from both a technological and logistical perspective. Our experienced team of experts has therefore been preparing the work meticulously for several years now.
Voith arranged a long-term, tailored financing package with attractive terms and conditions for the Republic of Angola. This was implemented with the support of the German government and the specialists at Euler Hermes, through export credit guarantees, and a German banking consortium headed by Commerzbank and UniCredit. Especially in times of constrained budgets, the programs offered by the German Foreign Trade and Investment Promotion Scheme are particularly important for government clients in Africa. This allows long-term and sustainable financing of the investment sums for infrastructure projects of this kind. The order volume for Voith amounts to more than USD 1 billion.
Author: Bryan Groenendaal
