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Saturday, April 10, 2021

President Lungu urges the private sector to invest in the renewable energy sector

Economy President Lungu urges the private sector to invest in the renewable energy...

President Edgar Lungu has advised the private sector to utilise the conducive environment created by the government, by investing in renewable energy projects.

President Lungu urged the private sector to use the renewable energy feed-in tariff strategy, which is an initiative aimed at accelerating private investments in small-and-medium sized renewable energy projects, in order to increase the number of players in the electricity sub-sector.

The Head of State said this would ultimately increase access to clean energy services in the country.

“Further, the government, with support from the world bank, has developed a national renewable energy resource map focusing on solar and wind.

“ Let me take this opportunity to urge our private sector to take advantage of such government initiatives to make investments in renewable energy,” he said.

President Lungu reiterated that the future was green and government did not wish for Zambia to remain behind, so efforts were being made to improve the resilience of power supply in the country.

President Lungu said this in a speech read for him by National Development Planning Minister Alexander Chiteme at the media launch of the Zambezi Live Light Festival at Avani Hotel in Livingstone.

The festival initiated by Lusaka based Lawyer, Franco Kapijimpanga is set to foster a cultural shift in social behaviours and practices that drive climate change; environmental degradation and pollution, and will take place in June this year.

And President Lungu said climate change was real and its negative effects affected everyone.

He said that was why government was providing decisive leadership to address the scourge and put the economy back on a sustainable growth trajectory.

“In this regard, government recognises that climate change is a development challenge and as such, is mainstreaming it in all development processes of the country.

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“ This is because mainstreaming is the initial step required to enable climate change take prominence in the development processes of our country,” he said.

President Lungu also noted that the objective of holding the Zambezi Live Light Festival, being to promote green environmental solutions, was consistent with government policy of protecting the environment and charting a green growth pathway.

“The holding of the festival is a symbol and reminder that we are part of nature. It is also a barometer as well as litmus test of our willingness to connect to the global fight against climate change,” he said.

And speaking earlier, initiator of the Zambezi Live Light Festival, Franco Kapijimpanga said Zambia should take the lead and not wait for other countries in the region act against climate change.

Mr. Kapijimpanga said Zambia had an opportunity to step up and lead the region to a greener and more sustainable future.

“We have been given this beautiful planet but in our quest to industrialize and modernize, we have been continuously taking from mother earth, and not allowing her to regenerate…we have destroyed forests, rivers, oceans and need to reverse the damage,” he said.

It is anticipated that the holding of the three-day Zambezi Live Light Festival from June 11 to 13, 2021 will raise awareness about climate change and the need for green solutions to economic challenges.

The event will also generate additional revenue and create jobs particularly in the tourism sector which is one of the hardest hit by the covid-19 pandemic.

12 COMMENTS

  1. “President Edgar Lungu has advised the private sector to utilise the conducive environment created by the government, by investing in renewable energy projects.” LT.

    Why do I come out with specious claim, abut this article. Because cannabis license the price is set so high for regular people like me to participate.

  2. Way before the seriousness of load shedding on the economy , we advised the GRZ to start a solar power manufacturing industry in zambia using Zambian copper.

    This moron and his cronies are too lazy and want the private sector to do everything for them…as long as there are no bribes.

    Instead they put zero tariffs on solar imports , gifting jobs to the Chinese nd South Africans while our trees are decimated for malasha …….

  3. I totally agree my boss. Our president is million years ahead in his thinking. Meanwhile hh is just jumping up and down on social media like a pregnant hyena which has come across computer for Hfirst time. Tarino I now give you the floor to post about imposters. I tell that f00l what to do and he abides

  4. why THIS FAT ALBERT IS GIVEN MORE TALK TIME , EVEN TO REPRESENT BOSS IN RENEWABLE ENERYGY SPEECH? WHERE IS VP AND SENIOR MINISTERS LIKE KAMPYONGO, BWALYA NGANDU MUTOBE KAFWAYA ETC IS IT A SIGN THAT HE SHALL BE ECL’S RUNNING MATE?

  5. Investors need a stable rate of dollar to invest in a country.For an
    Investor to bring his money he has
    To see the time frame of recovery
    Of his investment. Lastly he has to
    See if his investment is safe or will it be nationalised like zamtel
    Or Mines in future.

  6. President Lungu said this in a speech read for him by National Development Planning Minister Alexander Chiteme at the media launch of the Zambezi Live Light Festival at Avani Hotel in Livingstone.

    Meanwhile the moron lazy EDGAR is out campaigning in Kasama where I saw about 50 Jeeps in his entourage…

  7. All the way where with PF. Go check inflation, exchange rate, GDP, reserves, unemployment. But this may too much for you, if you understood these issues which were down even before covid, mostly likely you could have said PF noway, instead of all the way. It might not be your fault

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