Angola: Private Investment Technical Unit Signs US$10m contract

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‎The Technical Unit for Private Investment (UTIP) and Tidiane Trading Limited signed a US$ 10.050 million contract to ensure the construction and operation of a manufacturing unit for production of mono blocs and high voltages transformers.
The agreement comes in fulfilment of private investment approved by the head of State last April to improve the electric Sector in Angola.
The amount will also ensure the construction of two production vessels with a medium voltage mono block assembly line with an annual capacity of 120 units.
It also includes assembly line of public lightning posts with a capacity of 6, 912/Year and spare parts with annual capacity of 9,192 units, respectively.
The project, which is expected to create 68 direct jobs, is based in Special Economic Zone, in Viana.
The administrator of the investor company, Castro Daniel, predicted the completion of project within 120 days.
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