Why should Zambia invest in a power project?

This power project is expected to boost Zambia’s energy capacity, which has been a critical issue in recent years, leading to power outages and supply interruptions in the country. The additional power supply will not only cater to the domestic demand but also enable Zambia to export surplus energy, which will enhance its foreign currency earnings.

What is Zambia's energy supply?

Energy generation in Zambia relies almost entirely on hydro power, accounting for nearly 90 percent of its total installed generation capacity. While the country's electrification rate stands at approximately 27.9 percent, it is facing a serious electricity supply deficit from recent droughts.

Can Zambia attract investor interest in energy development?

As debt-burdened African nations expand engagement with higher-income countries beyond aid, Zambia serves as an important case study on opportunities to attract investor interest in energy development.

Why is energy security important in Zambia?

nce. The Government of the Republic of Zambia (GRZ) has set ambitious development goals, and energy security is vital to achieving hem. The Energy Eficiency Strategy and Action Plan (EESAP), the first in the history of Zambia, with its set of prescribed actions, was developed to support that pur

How can private investment boost Zambia's energy mix?

Supporting the Government of Zambia catalyze private investment in the renewable energy sector to boost electricity generation and diversify the country's energy mix. Energy generation in Zambia relies almost entirely on hydro power, accounting for nearly 90 percent of its total installed generation capacity.

Does Zambia have a good electricity mix?

There are notable low-hanging fruits in the development of Zambia’s electricity mix. While Zambia has the potential to generate 2,300 MW of solar and 3,000 MW of wind, only 76 MW of solar has been installed and no wind power to date.