2 °c
London
Tuesday, April 20, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Zambia invests in US$1.2-bn power supply plants

FurtherAfrica by FurtherAfrica
May 10, 2016
in Africa, Economy, FDI, Finance, Government, Infrastructure, SADC, Zambia
Reading Time: 2 mins read
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Zambian president Edgar Lungu has commissioned the construction of two renewable power station plants valued at US$1.2-billion to supply the country’s highly anticipated PC assembly plant and data centre.

The project, which will lead to the production of a combined 100 megawatts of power by the end of the year, is being funded by the World Bank and is the first project of its kind in Africa under the financial institution’s scaling up solar programme.

The programme aims to accelerate the use of alternative and renewable energy sources to reduce the impact of insufficient rainfall on the country’s hydro power energy resources.

The two power stations will be located in the Lusaka Multi-facility Economic Zone and will be implemented in partnership with Zambia’s Industrial Development Corporation (IDC), the government’s development arm.

Zambian president Edgar Lungu
Zambian president Edgar Lungu

In early April the country’s regulator, the Zambia Information and Communication Technology Authority (ZICTA), confirmed that it had signed a lease agreement with the Lusaka South Multi Facility Economic Zone to facilitate construction of the computer assembly plant and data centre.

The resources are expected to be operational next year.

“It is regrettable that the current power deficit has negatively affected productivity levels and government revenue. With 365 days of sunshine a year, Zambia has great potential to raise investment in the solar energy and reduce dependency on hydro power,” Lungu said

World Bank representative Ina Marlene Ruthenberg said the introduction of solar energy in Zambia will help reduce the cost of electricity.

The institution aims to generate up to 600 megawatts in the Southern African country as part of its scaling up solar programme.

Like many other countries in Africa, including Zimbabwe, Zambia is facing a critical shortage of power resulting in increased load shedding.

Source: WebAfrica

Related

Tags: Edgar LunguElectricityEnergyLusakarenewable energyWorld BankZambiaZambia Information and Communication Technology AuthorityZambian presidentZICTA
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

South Africa: Gas to fire up industry

Next Post

Malawi holds enormous bounty of rare earths

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Ethiopia’s Assela wind farm project enters construction
Renewables

Eastern and Southern Africa’s vast renewables potential offers route to sustainable growth

by Staff
April 20, 2021
Coronavirus

Ethiopian Airlines delivers COVID-19 vaccine to Brazil; over 20 million doses delivered worldwide

by Staff
April 20, 2021
Mozambique

Mozambique: Metical appreciated 35% this year, but earnings expected to reverse – Standard Bank

by FurtherAfrica
April 20, 2021
Wilderness Safaris opens the new DumaTau camp in Botswana
Tourism

Wilderness Safaris opens the new DumaTau camp in Botswana

by BOTSWANA UNPLUGGED
April 20, 2021
Zimbabwe secures US$98M for Brazilian irrigation equipment
Agriculture

South Africa: agribusiness in 2020 and what to expect in 2021

by Farmers Review Africa
April 20, 2021
Next Post

Malawi holds enormous bounty of rare earths

Wednesday Wisdom

Angola: Energy and Water sector might spend USD 29 billion until 2025

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?