Angola to spend $18 billion to end power cuts by 2016

LUANDA (Reuters) – Angola announced on Friday an $18 billion plan to overhaul its dams and power grids and end all power cuts by 2016.

Minister of State Carlos Feijo told a news conference a soon-to-be established oil fund will be used to finance the country’s biggest investment in the power sector since the end of a civil war in 2002. Continues……

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