Angola, US Firm to Sign Pact to Build $1.5 Billion Power Line

Symbion Power unit Hydro-Link will sign a pact with Angola’s government on Tuesday to build a $1.5 billion private transmission line that will connect hydropower sites with mines producing critical minerals in neighboring Democratic Republic of Congo.

The 1,150-kilometer (715-mile) connection between the two southern African nations will have the potential to deliver as much as 1.2 gigawatts of power from Angola’s Lauca plant and other hydroelectric facilities to Congo’s Kolwezi mining area, and supply mine operators such as Glencore Plc and Ivanhoe Mines Ltd., according to Hydro-Link.