Rafael Marques - Dams for the Damned: China in Angola
When China and Angola
signed a US $4.5 billion financing agreement last year to fund the construction
of a dam and hydro-electric power station at Caculo Cabaça in Kwanza-Norte
province, did the Chinese realize this project would be for the benefit of the
Angolan President’s daughter?
The loan from the
Industrial and Commercial Bank of China (ICBC), is meant to pay for the
services of the consortium selected to build the hydro-electric dam. But the
backstory reveals, yet again, how President José Eduardo dos Santos uses his
presidential and orders to enrich his family. Evidence supplied to Maka
Angola shows that Isabel dos Santos will be a major beneficiary of the
deal signed on her daddy’s behalf by Finance Minister Archer Mangueira, with
all concerned apparently unaware of procedures required by law (and followed by
the rest of the world) to obtain tenders for major publics works projects.
How do we know Isabel
benefits? Join the dots. José Eduardo dos
Santos signed Presidential Order 58/15 in June of 2015, to approve the Caculo
Cabaça Hydroelectric Project and authorize the Energy and Water Ministry to
enter into a US $4 billion contract with a consortium formed by CGGC (China
Gezhouba Group Company) and Niara Holding. The President included the project
in the Annual Public Investment Programme (PIP) and instructed the Finance
Minister to obtain a loan from the ICBC. Somewhere along the
line, an additional US $500 million was appended to the original budget without
explanation. Was the Presidential
Order authorizing this major public works preceded by any public competition
for tenders or formal procurement procedure as required by Angola’s Law on
Public Works Contracts? According to lawyer
Horácio Junjuvili, “this project was awarded [to CGGC and Niara Holding
Limitada] without any previously known tender, thus making it illegal under the
Law on Public Works Contracts”, The lawyer adds that the project does not
qualify for presidential exclusion under the law.
Furthermore, the
Presidential Order refers to what appear to be two companies – CGGC and NIARA –
but in fact at that point there was no such consortium, only a single company
registered in Angola on May 23, 2013 under the name “CGGC & Niara Holding,
Limitada”. Equal partners in CGGC
& Niara were “ 2I’S – Sociedade de Investimentos Industriais, S.A.” and
“CGGC-Engenharia de Angola, Lda.” represented by Zhou Cheng. Curiously, 2I’S head
office is registered at one of Isabel dos Santos’ private residences in Luanda… read more
https://www.makaangola.org/2017/04/dams-for-the-damned/