Scottish manufacturers harness hydropower in Angola after receiving £70 million in financial support

POWER transformers built to harness Angola’s huge supply of hydropower have been shipped from ports in Tilbury this week, as UK companies help Angola transition away from its dependence on oil generated power.

Angola aims to build six hydro energy power plants by 2025 to stabilise its national electricity supply and hired Scottish-based utilities contractor IQA to upgrade the country’s power grid so that it can harness hydropower. 

UK Export Finance (UKEF) provided £70 million worth of export finance guarantees to enable IQA to secure the deal.

To increase the network capacity of Angola’s national power grid, IQA are supplying high-tech energy transformers from the UK.  IQA relied on its UK supply chain to manufacture these transformers, which were built by Loughborough-based BRUSH Transformers and General Electric in its Staffordshire factory.

The transformers have now been built and will soon be installed in towns and cities across Angola.

Antonio Henarejos, Managing Director at IQA said:

“We are excited to ship these UK manufactured components that will bring renewable electricity to huge parts of Angola. This is just the first stage of a massive development that will help power homes, businesses and much more. Expertise from the UK is central to helping us deliver this.”

Jon Boyce, UKEF’s Senior Export Finance Manager for Scotland said:

“We are proud to help UK businesses benefit from huge overseas projects like this. Our financial support is helping UK firms meet global demand in sectors like manufacturing, boosting trade across the UK.”

IQA is headquartered in Glasgow, Scotland, and employs 250 people in the UK. Part of Elecnor, they provide utility contract services and manage manufacturing projects to deliver utilities across the world.

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Scottish manufacturers harness hydropower in Angola after receiving £70 million in financial support

POWER transformers built to harness Angola’s huge supply of hydropower have been shipped from ports in Tilbury this week, as UK companies...