Angola awarded a US$492.89 million Capanda dam contract without tender to a consortium including Gemcorp, which also provides the credit lines funding it.
ANGOLA · ENERGY
Key Facts
—The award: A presidential decree authorises spending of US$492.89 million on rehabilitating the Capanda hydroelectric plant.
—No tender: The main works, worth US$442.21 million, went to Consorcio Electra through simplified contracting rather than open competition.
—Who is in it: The consortium comprises Sinohydro Angola, Gemcorp Commodities Global and Mwanza Power.
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