Trafigura has walked away from a proposed 2 000 MW transmission line that would have carried surplus hydropower from Angola to copper and cobalt mines in the Democratic Republic of Congo and Zambia, two sources with direct knowledge of the matter told Reuters. The initiative is one of at least three privately backed transmission projects worth billions of dollars aimed at supplying electricity from Angola, which has a large surplus of stranded hydropower, to critical minerals operations facing power shortages in the two neighbouring countries.

Trafigura has walked away from a proposed 2 000 MW transmission line that would have carried surplus hydropower from Angola to copper and cobalt mines in the Democratic Republic…

Trafigura has withdrawn from a proposed 2,000-megawatt (MW) power transmission project that was expected to transport surplus hydropower from Angola to energy-hungry copper and…