https://www.engineeringnews.co.za

Zambia signs $2bn solar development pact with UAE

3rd February 2023

By: Bloomberg

  

Font size: - +

Zambia and the United Arab Emirates (UAE) have signed a $2-billion agreement to build solar plants in the Southern African country that will increase its generation base by more than half.

The joint venture between Zambia’s State-owned power utility, Zesco, and a UAE government-owned renewable energy company, Masdar, targets the development of 2 000 MW of solar power projects, President Hakainde Hichilema said in a statement on his Facebook page.

Construction will be done in phases, starting with the installation of 500 MW, Hichilema said.

“This is not a loan but a capital injection in which the Zambian people, through Zesco, will be partners in shareholding,” he said.

Zambia, Africa’s second-biggest copper producer, has an installed electricity generation capacity of 3 500 MW. The country is currently suffering rolling blackouts lasting as long as 12 hours a day after water levels in the Kariba Dam — used by Zambia and neighbouring Zimbabwe to generate hydropower — declined drastically.

Edited by Bloomberg

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/07/2024)
12th July 2024 By: Martin Creamer
Magazine image
Magazine round up | 12 July 2024
12th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.486 0.542s - 170pq - 2rq
Subscribe Now