Generation
Posted By OrePulse
Published: 19 May, 2025 11:36
Zambia Secures $71.5M for 100 MW Solar Project
Zambia’s state-owned Kariba North Bank Extension Power Corporation has reached financial close on a 100 MW solar PV project in Chisamba, Central Province.
Backed by $71.5 million in commercial debt from financial institution Stanbic Bank Zambia, the project is anchored by a 13-year Power Purchase Agreement with renewable energy trader GreenCo Power Services.
GreenCo will supply the generated power to First Quantum Minerals, Zambia’s largest mining investor, under a separate Power Supply Agreement.
Civil engineering company Power China serves as the engineering, procurement and construction contractor for the project, with commercial operation for the solar PV plant expected by June 2025.
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42
South Africa Sanctions New National Petroleum Comp...
18 Sep, 2024 12:37Trending News
Other
Improved policies and favourable business environment drives mining boom in Tanzania...
15 Jul, 2025 14:34
14 min read
Logistic
New whitepaper launch explores workforce readiness in Saudi Arabia’s logistics sector...
15 Jul, 2025 14:12
12 min read
Distribution
ITFC signs $513m syndicated Murabaha financing with Pakistan to support energy imports...
15 Jul, 2025 14:04
14 min read