Minister of Energy Matthew Nkhuwa has called for more private sector investment in the development of Biofuels in Zambia.
Mr Nkhuwa said Zambia is politically stable and has abundant water and land to enable private sector investment into the energy sector.
The Minister said government is encouraging private sector participation in the development of biofuels in Zambia so that the industry can grow.
He notes that biofuel can be a good alternative source of energy for Zambia especially now that the country is experiencing effects of climate change that has negatively affected the energy sector.
The Minister was speaking during the official opening of the policy consultative seminar on the revising of the Biofuels Development in Zambia.
The Policy Consultative Forum which is being held at Intercontinental Hotel in Lusaka has been co-hosted by the Ministry of Energy and Ministry of National Development Planning, and is supported by the Brazilian Embassy who are represented by Ambassador Colbet Soares Pinto Junior.
And Minister of National Development Planning Alexander Chiteme says energy is a key resource for the operation and growth of pivotal sectors of the economy such as mining, transport and agriculture.
Mr Chiteme stated that in a growing economy like Zambia, energy demand has been increasing and will continue to do so for the foreseeable future.
He noted that there is need to put in place a well-researched policy intervention, if Zambia is to attain increased access to clean, safe, reliable and affordable energy.
He stated that beyond provision of adequate alternative energy sources, the biofuel industry holds more strategic significance to Zambia’s economy.
He said the biofuels provide important opportunities for employment creation and income generation for farmers.
He further added that the successful development of the biofuel industry will require collaboration among various ministries and institutions such as ministry of energy, ministry of Lands, Ministry of Agriculture, the Energy Regulations Board and the Zambia Development Agency.