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Angola’s New Hydropower and Chinese Finance — a close up of a one hundred dollar bill

Angola’s New Hydropower and Chinese FinanceCEFR B1

17 Dec 2025

Level B1 – Intermediate
3 min
171 words

When Laúca began operating on the Kwanza River, it was presented as a major step for Angola’s green energy grid. Built by Chinese contractors and financed largely through Chinese loans, the project added more than 2,000 megawatts of capacity to the national grid. China Pictorial in March 2024 described overseas hydropower cooperation and cited Caculo Cabaça as Africa’s largest hydropower project.

A 2017 report by the Cheng Cheng research center called Angola the first testing ground for an “Angola Model” of resource-for-infrastructure deals, noting that Chinese finance offered longer maturities and grace periods without governance conditions. Data from the Global Development Policy Center at Boston University show Angola received more than USD 40 billion in Chinese loans, much tied to oil-backed repayment.

Local outlets such as Maka Angola highlighted opaque loan terms and discrepancies between loan intentions and fiscal outcomes. A November 2025 Reuters report said Angola faces high external debt and currently has no IMF financing program. Despite higher generation, gaps in distribution mean energy poverty persists.

Difficult words

  • hydropowerelectricity made from flowing water
  • capacitymaximum amount something can produce
  • financemoney or credit supplied for projects
    financed, financing
  • loanmoney borrowed that must be repaid
    loans
  • contractorcompany or person hired to build
    contractors
  • opaquenot clear or easy to understand
  • discrepancydifference between two statements or figures
    discrepancies
  • debtmoney owed by a country or person
    external debt
  • energy povertylack of reliable or affordable energy access

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