Italy will disburse 5.5 billion euros to finance clean energy production projects in Africa, as part of the world's energy transition.

The announcement was made by the Italian ambassador to Angola, Cristiano Gallo, this Thursday in Luanda, according to the Angolan state news agency, Angop.

Speaking to the press on the sidelines of the Conference on Innovation and Energy Transition, organized by the National Oil, Gas and Biofuels Agency (ANPG) in partnership with MAIRE and the Angola-Italy Chamber of Commerce and Industry, the diplomat said that part of this amount would be invested in Angola.

According to Cristiano Gallo, several Italian companies have expressed their desire to invest in the energy sector in Angola, with new technologies that facilitate the energy transition, among other issues that help to reduce carbon dioxide emissions.

He said that the companies had already begun to carry out economic feasibility studies and to present projects to the Angolan government that could be financed by the Italian state, in order to make the energy transition a reality.

Italy, he continued, also intends to strengthen its agreements with the Angolan government, helping to diversify the national economy through the potential it has in various areas, with emphasis on the energy, oil and gas sector, where the ENI company stands out.