9.5 C
Alba Iulia
Monday, August 10, 2020

IDC in talks to develop and set up solar power plants in various parts of Zambia

Economy IDC in talks to develop and set up solar power plants in...

IDC Group CEO Mr Mateyo Kaluba inspecting the Solar Energy Plant
IDC Group CEO Mr Mateyo Kaluba inspecting the Solar Energy Plant

The Industrial Development Corporation (IDC) is in talks with Independent Power Producers (IPPs) to develop and set up solar power plants in various parts of the country.

And Construction works for the 60 million united states dollar Bangweulu 54-megawatt solar plant have advanced, with works reaching 80 percent.

IDC Group Chief Executive Officer Mateyo Kaluba says the corporation will continue rolling out solar projects until it reaches the intended target of 6-hundred megawatts of solar energy.

Mr. Kaluba told ZNBC News in an interview shortly after touring the Bangweulu Solar Plant in the Lusaka South Multi Facility Economic Zone, that the solar project will diversify the country’s energy sector.

He stated that IDC plans to put up two solar power projects in Central Province, One on the Copperbelt and the other in Eastern Province.

Mr. Kaluba is however hopeful that the 2-hundred megawatts solar energy will reach financial closure by mid-2019.

He said so far 8-hundred and 50 people are working on site at the Bangweulu Solar Power plant of which 6- hundred are Zambians.

And Neoen Country Director Mathieu Legouix said the construction of the site started last year.

Mr. Legouix said the 60-Million-dollar project is being financed through a combination of equity and debt.

He said the Bangweulu Solar Power plant will soon be providing ZESCO with cheap solar electricity at Six cents per kilo watt hour for 25 years.

IDC Group CEO Mr Mateyo Kaluba inspecting the Solar Energy Plant
IDC Group CEO Mr Mateyo Kaluba inspecting the Solar Energy Plant

Construction works of the $60 million, 54 megawatts solar plant at the Lusaka Multi Facility Economic Zone
Construction works of the $60 million, 54 megawatts solar plant at the Lusaka Multi Facility Economic Zone

7 COMMENTS

  1. Don’t just talk about it, BE about it. Such projects should have been implemented already by now because the oppportunity came knocking years ago.

  2. This is the way to go. These are the kind of projects you can borrow to complete as they will pay back not the presidential jet.

Comments are closed.

- Advertisement -
Loading...
- Advertisement -

Latest News

HH Donates a 37 Passenger Seat Rosa bus to Pilgrim Wesleyan Church

UNITED PARTY FOR NATIONAL DEVELOPMENT President Hakainde Hichilema this morning fulfilled his pledge of a 37 Passenger Seat Rosa...

Learning from doctors who have successfully handled COVID-19 cases

South Africa has the fifth-highest number of confirmed COVID-19 infections in the world and accounts for the highest number of cases in Africa. Despite...

Some Civil servants are forcing Farmers to sell maize to FRA-Farmers Union

The Zambia National Farmers’ Union has discovered a scam where some civil servants; including Camp Officers and District Commissioners have been threatening farmers of...

Police Officers who have received their retirement benefits immediately vacate Police houses

Home Affairs Minister Stephen Kampyongo has directed that retired Police Officers who have received their retirement benefits immediately vacate Police houses. Mr Kampyongo said the...

Go for COVID-19 Test at Designated Centres, Avoid Rapid Test, Health Minister Urges the Public

Health Minister Dr. Chilufya urged citizens to ensure that they go for tests in designated government and private laboratories to avoid being duped...

More Articles In This Category