Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1098

Deal #1098 Version #51145

Angola

Created at

2013-02-15

Last update

2016-10-26

Last full update

2024-03-13

Land area

Intended size

30 000 ha

Size under contract (leased or purchased area)

[2006, current] 30000.0 ha

Size in operation (production)

[2012] 1000.0 ha
[2013] 1450.0 ha
[2015, current] 11000.0 ha

Comment on land area

Various reports state different size under contract: 32000, 42000, 40000 and 50000. Ultimately 25000 hectares will be planted. One report states that the total area of the sugar cane farm is 70,000 ha of which 11,000 ha is currently being used.

Intention of investment

[current] Biomass for biofuels, Food crops, Renewable energy unspecified

Comment on intention of investment

Around 70% of Biocom’s sugar cane is turned into sugar. The remaining 30% is used for ethanol and the production of electricity.

Nature of the deal

Lease

Negotiation status

[2006, current] Concluded (Contract signed)

Implementation status

[2012, current] In operation (production)

Comment on implementation status

Preparation of the land began in 2011.

Purchase price

Comment on purchase price

Investment of 25 billion kwanzas ($197.5 million) for the project.