-

Maurel & Prom: Start of Construction of Quilemba Solar Photovoltaic Power Plant in Angola

PARIS--(BUSINESS WIRE)--Regulatory News:

Maurel & Prom (Paris:MAU):

The Angolan company Quilemba Solar Lda, a joint venture between TotalEnergies (51%), Sonangol (30%) and Maurel & Prom (19%), has begun construction work on the Quilemba photovoltaic power plant, located near Lubango in southern Angola.

The Quilemba photovoltaic power plant, with an initial capacity of 35 MWp and the possibility of adding 45 MWp in a second phase, is scheduled to come on stream during the first half of 2026. The project will be the largest privately-owned photovoltaic power plant in Angola and will contribute to the decarbonization of the country's energy mix by supplying renewable electricity to nearly 40,000 homes.

The groundbreaking ceremony took place on May 16, 2025 in Lubango, in the presence of the Vice-Governor of Huíla Province, the Secretary of State for Oil and Gas, the Secretary of State for Energy, the Chairman of the Board of Directors of the National Oil and Gas Agency, the French Ambassador to Angola, local traditional authorities and all partners.

Olivier de Langavant, Chief Executive Officer of M&P, said:
"We are very pleased to contribute to the realization of the Quilemba solar power plant, a project that is perfectly in line with our ambitions in terms of sustainable development. For M&P's first industrial solar project, we chose Angola - a strong signal of our commitment to supporting the Angolan state as a trusted partner over the long term."

For more information, please visit www.maureletprom.fr/en/

This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed on Euronext Paris
SBF 120 – CAC Mid 60 – CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligible
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA

Contacts

Maurel & Prom
Shareholder relations
Tel.: +33 (0)1 53 83 16 45
ir@maureletprom.fr

NewCap
Investor/media relations
Tel.: +33 (0)1 44 71 98 53
maureletprom@newcap.eu

Maurel & Prom

BOURSE:MAU

Release Versions

Contacts

Maurel & Prom
Shareholder relations
Tel.: +33 (0)1 53 83 16 45
ir@maureletprom.fr

NewCap
Investor/media relations
Tel.: +33 (0)1 44 71 98 53
maureletprom@newcap.eu

More News From Maurel & Prom

M&P Included in OFAC’s General License 50A Related to Venezuela

PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (“M&P”, the “Group”) (Paris:MAU) is pleased to announce that it has been included in General License 50A (“GL 50A”) issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) on 18 February 2026. GL 50A replaces and supersedes GL 50 in its entirety and expressly lists M&P among the limited number of authorised entities. GL 50A authorises the entities listed in its annex, includi...

Maurel & Prom: Update on Venezuela

PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (“M&P”, the “Group”) (Paris:MAU) wishes to provide an update on its activities in Venezuela. On 13 February 2026, OFAC issued General License 50 (“GL 50”) authorising certain international operators to resume oil and gas operations in Venezuela. M&P is not currently included in the list of entities covered by this general license. The Group notes this development as a constructive step and remains actively en...

Maurel & Prom: Co-Opting of a New Director and Appointment of an Observer

PARIS--(BUSINESS WIRE)--Regulatory News: Maurel & Prom (Paris:MAU): The Board of Directors today acknowledged the resignation of Ms Carole Delorme d'Armaillé, director, Chair of the Audit Committee and member of the Appointments and Remuneration Committee. The Board wished to thank Ms Carole Delorme d'Armaillé for her commitment and contribution to the work of the Board and its committees throughout her 13 years of service. The Board of Directors co-opted Ms Dian Andyasuri as an independent...
Back to Newsroom