MCA Infrastructures SA, a subsidiary of M.Couto Alves, S.A., has received £12.5 million (US$16.2 million) funding from UK Export Finance to acquire mobile construction equipment for energy projects in Angola. The equipment will support the rural electrification program, aiming to deliver sustainable energy to over a million people. Dints International Ltd. facilitates the acquisition, with additional financing support from Standard Chartered Bank and Euler Hermes.
MCA Infrastructures SA, a subsidiary of the Portuguese contractor M.Couto Alves, S.A. (MCA) Group, has secured funding to acquire mobile construction equipment for its energy projects in Angola. This support comes from UK Export Finance (UKEF), which has agreed to a deal worth £12.5 million (approximately US$16.2 million) through Dints International Ltd., responsible for supply and logistics.
The purchase includes essential machinery such as excavators, stackers, diggers, generators, cars, trucks, vans, and trailers, facilitating MCA’s capability as an engineering, procurement, and construction (EPC) contractor. This equipment will initially be deployed for a flagship rural electrification program, expanding energy access in Angola.
UKEF has provided a loan guarantee to Apple Bank, enabling MCA to secure financing for this equipment purchase. Dints International, established 18 years ago in London, plays a key role in uniting buyers, suppliers, logistics providers, and funding partners for this project. Notable suppliers include Energy Group, Yorpower, and transport specialist Kings Trailers.
Stephen Peal, Yorpower’s group managing director, expressed pride in supporting Angola’s energy transition. The rural electrification scheme aims to reach sustainable power for over a million people in Angola, backed by financing from Standard Chartered Bank and Euler Hermes.
In May 2024, MCA unveiled the operational status of 44,000 solar panels at the Luena Solar Park, benefiting over 55,000 individuals. This facility, located in the Moxico province, is the fourth of seven solar parks that MCA is constructing, aiming for a total capacity of 370 MW in collaboration with the US firm Sun Africa on behalf of the Angolan government.
In conclusion, MCA Infrastructures SA is advancing its flagship rural electrification project in Angola by acquiring crucial mobile construction equipment, backed by significant funding from UK Export Finance. This initiative aims to expand energy access and support the country’s energy transition, benefiting over a million individuals through sustainable power solutions. The successful deployment of solar panels further underscores MCA’s commitment to renewable energy in the region.
Original Source: africanreview.com
