Generation
AMSONS, Exergy Africa partner to develop 1,300MW power plant
AMSONS Group, a leading Tanzanian and pan-African energy and industrial conglomerate, has signed a strategic transnational partnership with Zambia’s Exergy Africa Limited to jointly develop 1,300MW of power projects in Zambia.
The projects would consist of 1,000 megawatts of solar and 300 megawatts of coal generation, representing a combined investment of US$900 million.
Speaking at the signing ceremony, Tuesday, Amsons Group Chief Executive Officer, Edha Nahdi, said Zambia was a strategic growth market for them.
“Amsons Group, a leading Tanzanian and pan-African energy and industrial conglomerate, has announced a strategic transnational partnership with Zambia’s Exergy Africa Limited to jointly develop and expand power generation and energy infrastructure projects in Zambia via 1,000 megawatts of solar and 300 megawatts of coal generation at a combined investment of US$900 million. The partnership is designed to directly support Zambia’s national energy security, industrial expansion and economic growth agenda, while strengthening cross-border energy cooperation across Southern and Eastern Africa. The partnership combines local knowledge, expertise and ambition with Amsons Group’s established regional infrastructure platform to create a bankable pipeline of power projects aligned with Zambia’s future energy demand. Zambia is a strategic growth market for us, and through this partnership, we are bringing our regional energy infrastructure, logistics capability and clean energy investments to support Zambia’s development, industrialisation and power stability,” said Nahdi.
In the same vein, Exergy Africa Limited Director Monica Musonda lauded the partnership as a reflection of the growing momentum towards African-led regional energy integration.
“This partnership represents a major commitment to Zambia’s power sector and industrial future. By partnering with a group that already operates at scale across multiple African markets, we have paced ourselves to move faster, reduce project risk, and deliver reliable power where it is needed most. Through the intended investments, the partners aim to expand Zambia’s power generation capacity, improve grid reliability for key industrial sectors, enable new manufacturing and mining investment, and support long-term job creation and economic resilience,” said Musonda.
And Energy Minister Makozo Chikote, who witnessed the signing of the partnership agreement, stated that government welcomed the credible private sector investments.
“We welcome these credible private sector investments, which confirm that Zambia’s energy sector is on the right trajectory and evidence the government’s solid multi-source strategy for the sector, where public and private sector participation thrives and competes to bring solutions and grow the sector. This partnership will result in 500MW of new solar capacity added to the grid in 18 months. In 24 months, the full complement of 300MW of coal and the entire 1,000MW of clean solar will have been installed, effectively moving Zambia into a surplus power generation status. Amsons Group operates across five African countries, Tanzania, Kenya, Mozambique, Congo and Zambia and supports more than 10,000 direct and indirect jobs. Its energy platform includes 60 million litres of petroleum storage capacity at the Port of Dar es Salaam, extensive bulk fuel trading across Southern Africa, and one of East Africa’s largest private logistics fleets of over 800 trucks,” said Chikote.
“This scale allows the partnership to ensure reliable fuel supply for thermal power generation, rapid equipment mobilisation for power plant construction, and cross-border fuel and logistics security for long-term operations, while supporting Zambia’s clean energy ambitions. Beyond infrastructure development and power supply, the partnership and planned investments are structured to deliver long-term social and economic value for Zambian communities alongside financial returns”.