Angola Energy Market Research

GIA was commissioned by the World Bank to conduct a private sector survey and market assessment of Angola’s electricity sector – mapping access, investment opportunities and the path to universal energy access under Mission 300 from 2025-2026. In partnership with:

The Challenge

Angola’s electricity sector presents one of Africa’s most significant development opportunities. Despite the country’s natural resource wealth, only 44% of the national population has access to the electricity grid (Angola Census 2024) — leaving over 20 million people without power across 18 provinces.

Luanda accounts for 28% of the total unelectrified population despite relatively high grid coverage. In the eastern corridor, provinces like Cunene, Lunda Sul and Cuando Cubango have population densities as low as 4 people per km², making conventional grid extension economically unviable.

Closing this gap requires more than infrastructure investment. It demands a clear understanding of the private sector landscape — who is operating, where, at what scale, and under what constraints.

About the Study

Commissioned by the World Bank Group under the Electricity Sector Improvement and Access Project (P166805), this market study maps electricity access across all 18 Angolan provinces to identify private sector opportunities and establish evidence-based policy strategies for sector transformation.

Preliminary Results

Insights from 176 firms across 21 provinces

176

Companies Surveyed

Exceeding the original target of 150+ firms across Angola’s energy supply chain.

Luanda 97% Benguela 58% Cabinda 42% Huíla 39% Zaire 37%

75%

Domestic Private Capital

132 of 176 firms are locally owned, with 8 joint ventures and 36 foreign firms — reflecting both local market depth and growing international interest.

78%

Public Sector Contracting

Of firms hold contracts with public entities, underscoring government procurement’s central role.

47%

Import Dependency

Of companies rely on imports for more than 60% of the value of a typical project.

Sector Distribution

Engineering & Technical Services55%

Logistics & Supply Chain15%

Other13%

Manufacturing & Assembly10%

T&D / Generation / Storage7%

Import Dependency — Typical Project

61–90%
most
common

61–90% imported38%

31–60% imported33%

11–30% imported14%

>90% imported9%

0–10% imported6%

11%

Women in OwnershipAverage female ownership stake across surveyed firms — with women holding any ownership in 64% of companies.

13%

Women in LeadershipAverage female representation in leadership roles — a key indicator tracked to inform inclusive investment policy.

The study is conducted by Global Infrastructure Advisors and GQM Advisors, combining geospatial electrification analysis with a structured enterprise survey.

Download your Free Solar PV Financial Model

As part of this research initiative, Global Infrastructure Advisors is making its institutional-grade Solar PV financial model available to Angola energy sector participants at no cost:

The model is used by GIA on transactions globally and covers full project finance structuring, sensitivity analysis and radiation yield.

For enquiries about the Angola Energy Access Research project, contact the team at angola.energyaccess@gi-advisors.com.

Talk to our team

Get in touch with our team at info@gi-advisors.com.