PAENAL will produce technological innovations for the renewable energy sector

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The company Porto Amboim Estaleiro Naval (PAENAL) is working on the introduction of technological innovations with a view to producing energy through the sea, sun and hydrogen, according to the general director of the company, Luís Barroso.

Speaking to journalists, the manager informed that the respective technological innovations will come from several countries, such as Scotland, Japan, South Korea and Italy, all with the sole objective of producing equipment from energy generated at sea, sun and hydrogen.

"We want to be a pioneer. We want to make a huge contribution to the production of renewable energies in the country and demonstrate the possibility of converting a national shipyard with the necessary adaptations of the model”, said Luís Barroso.

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As for the investments necessary for the production of renewable energy, the Director stressed that it will not be relevant compared to the return.

"Strategic partnerships are being developed, but it would be premature to make a specific comment in this regard, not least because secrecy is the soul of the business”, he reiterated, pointing to the existence of other types of barriers that are more important to take into account before the investment phase.

One of the barriers relates to the price of electricity in Angola (Kz 14 per kilowatt), which he considered “extremely low compared to the international average”.

The source reiterated that any project based on renewable energies in Angola will not be viable if the current tariff is not reviewed.

To ensure the lack of staff, aiming at the aforementioned production, he said that PAENAL is obliged to train staff to cover the new requirements.

It should be noted that PAENAL is a local content construction company supporting the oil and gas industry operating offshore Angola, where it was inaugurated in 2008, with the aim of developing a shipyard focused on local content and increasing the capacity of the manufacturing in Angola.

The company was initially formed as a “joint venture” between Sonangol with 40 percent and SBM with 30 percent. At the end of 2010, the South Korean company DSME, with 30%, joined the joint venture.

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