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Presidential order no. 194/17 of 5 november 2019

Considering that by Presidential Order No. 58/15 of 12 June, approved the addition by Presidential Order No. 108/16 of 3 June, the contract for the construction of the Caculo Cabaça hydroelectric power plant, and authorized the Ministry of Energy and Water to join the consortium formed by CGGC & Niara Holding, Limited hezouba Group Company, Limited 'et' Boreal Investments, Limited', as well as the negotiation of a loan with the Bank of China for Trade and Industry in the amount of Kwanzas equivalent to USD 4,532,114,041.00 (USD 4,532,014,151.00).

06 Déc 2019    

In view of this, by Presidential Order No. 79/18 of 12 July, the modification of the hydroelectric power contract of Caculo Cabaça was authorized and the companies "CGGC & Niara Holding, Limited" and "Boreal Investments, Limited" were excluded from the contract. "The only party to the contract is China Gezhouba Group Company Limited (CGGC), which has assumed its advantages and responsibilities.

In accordance with the provisions No. 2 of Presidential Order No. 79/18 of 12 July, the Minister of Energy and Water was authorized to perform all acts resulting from the termination of the contract of the companies "CGGC & Niara Holding, Limited" and "Boreal Investments, Limited" in particular with regard to the unilateral modification of the contractor's tranches, ensuring the fulfillment of the purpose of the contract and of its financial balance, as well as addenda to the contract in which all adjustments are duly stipulated; Considering that on 7 November 2018 the first amendment to the general contract was signed, which amends the signatory parties to the contract and that the terms of which define the effectiveness of the Agreement have been adjusted in due course; if it is necessary to sign the second addendum to the Caculo Cabaça hydroelectric power contract, adjust the contractual scope of the contract with the inclusion in the transport system contract associated with the contract Services for the supply, assembly and commissioning of electromechanical equipment;

The President of the Republic shall, in accordance with Article 120(d) of Article 125(5), determine the Constitution of the Republic of Angola and Articles 35 and 39(a) of Annex IV, paragraph 2, in accordance with the wording of Presidential Decree No. 282/18 of 28 November of Law No. 9/16 of 16 June, the Public Procurement Act, as follows:

1. The Minister of Energy and Water is authorized to sign the second addendum to the Caculo Cabaça hydroelectric development contract in order to adjust the contractual scope of the contract, including the contract, the associated transport system and the withdrawal of the contract for the supply of electromechanical equipment, assembly and commissioning which is the subject of a separate contract, as an integral and indispensable part of the general contract to be concluded between the Ministry of Energy and Water and the company 'China Society of the Gezhouba Group Limited (CGGC)'.

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