On behalf of the Zambian Ministry of Energy, the GET FiT Zambia Secretariat has announced that ten companies or consortia have been shortlisted to develop 100 MW solar photovoltaic projects in the country.
Energy Finance & Investment News in Zambia
Enel Group and Industrial Development Corporation (IDC) have signed a financing agreement for around US$34 million senior loans for the construction of the 34 MW Ngonye solar plant in Zambia.
Financing has been agreed for a 47.5 MW solar farm in Zambia, setting a new benchmark for low-cost solar power in sub-Saharan Africa.
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
The U.S. Trade and Development Agency (USTDA) has awarded a grant to Access Power, a developer, owner and operator of renewable power projects in emerging markets and its strategic partner EREN Renewable Energy a global independent power producer.
The Government of Zambia signed agreements for a second mandate with Scaling Solar, the World Bank Group program that is helping developing countries procure low cost, privately financed, solar power.
China New Energy Ltd (CNEL), a bioenergy engineering firm, has signed an investment promotional and protection agreement (IPPA) with the Zambian government for the development of the Zambian biorefinery project.
The Government of Zambia has announced the winners for the Scaling Solar project, a World Bank Group program that removes obstacles to large-scale solar power in developing countries.
Zambia’s Industrial Development Corporation (IDC) opened bids on May 27 from seven leading renewable energy developers seeking to build large-scale solar power plants in the southern African country where power shortages are acute. The bid tariffs have ranged from US$6.02 ¢/kWh to 10.6¢/kWh at the low end.
The Industrial Development Corporation of Zambia has announced the beginning of the second step in the bidding process for the development of 100 MW of solar power projects across the country.
The Industrial Development Corporation of Zambia Ltd (IDC) announced in late December it has prequalified 11 teams for the development of 100 MW of solar power projects.
The private equity arm of Standard Chartered acquired a stake in Copperbelt Energy Corporation (CEC) the company that distributes power to mines operating on the Copperbelt, a mineral-rich region in Zambia.