The Government is in the process of signing three contacts for the establishment of renewable power plants in selected parts of the country, State House has disclosed.
Special Assistant to the President for Press and Public Relations Amos Chanda said the contracts involve two solar power plants of 200 and 400 Mega Watts (MW), respectively and a 300 MW geothermal plant.
Mr Chanda said at a media briefing at State House in Lusaka yesterday that the contract for the construction of the 750 MW Kafue Gorge Power station was nearly finalised.
“This is an unprecedented development the country has never experienced in 51 years of independence. It shows that his Excellency the President is determined to ensure that the country has adequate power to spur economic growth,” he said.
In a related development, President Edgar Lungu yesterday met with the Treasury and Bank of Zambia (BoZ) officials at State House to discuss the state of the country’s economy with focus on stabilisation of the Kwacha, maize marketing, energy security and options for economic diversification.
The meeting was attended by Finance Minister Alexander Chikwanda, his Deputy Christopher Mvunga, Secretary to the Treasury Fredson Yamba, BoZ Governor Danny Kalyalya, his Deputy Bwalya Ng’andu and two senior economists.
Mr Chanda, who confirmed the meeting, also attended it along with Special Assistant to the President Economic Development Affairs Hibeene Mwiinga and his counterpart for Policy Implementation and Monitoring Lucky Mulusa.