Tuesday, April 16, 2024

The new tariffs attractive for investments in Zambia’s energy sector-World Bank

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ZESCO Muzuma substation being upgraded to KV 330 (from KV 220) in order to be connected to the national grid as soon as the Maamba coal plant station is commissioned
ZESCO Muzuma substation being upgraded to KV 330 (from KV 220) in order to be connected to the national grid as soon as the Maamba coal plant station is commissioned

The World Bank has described as attractive the newly introduced cost reflective tariffs for investments in Zambia’s energy sector.

And World Bank Group Renewable Energy Specialist AMIT JAIN says investors would be more comfortable to invest in Zambia than any parts of the continent.

Dr. Jain says investors’ perception on Zambia is very positive and must be replicated to other parts of Africa. He was speaking to the African Diplomatic Corps and energy experts in New Delhi, India.

And International Solar Alliance- ISA has urged Zambia to ratify the ISA protocol for the Country to start benefitting from the pool of resources meant for solar energy development.

ISA Interim Director General Upendra Tripathy said 15 countries from Africa are required to ratify as member states but that only six have done so.

Mr. Tripathy said ISA is looking forward to meeting Zambian delegates to the ISA conference in India later this year if the country ratifies the protocol.

This is contained in a statement made available by First Secretary Press and Tourism at the Zambian Mission in New Delhi, India, Bangwe Navilley.

7 COMMENTS

  1. I guess the politicians will go to Maamba every year to commission that coal fired power station!! None of them remember doing that in the previous year!! LollllOlOlll LoL

  2. Why don’t those quacks in suits say the same about farming? Increase the flow price of maize to attract more people to go into farming damn it!

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