President Hakainde Hichilema has reaffirmed the government’s unwavering commitment to boosting the nation’s power generation capacity to meet the burgeoning demand from vital sectors such as mining and agriculture.
Addressing the pressing issue of Zambia’s power deficit, President Hichilema hailed the strides made by investors in the country’s solar energy sector as a significant step forward in addressing the energy shortfall.
These remarks came during a courtesy visit by 7YRDS Energy, a prominent German company, at State House. The company is poised to invest in solar energy projects in Kafue and Sesheke, located in the Western Province of Zambia.
President Hichilema commended 7YRDS Energy for choosing to invest in Zambia, particularly in the solar energy sector, noting that such investments would spur economic growth across various sectors, including mining and agriculture. He emphasized Zambia’s trajectory of economic development across multiple sectors and highlighted the pivotal role that investments in solar energy could play in realizing ambitious targets, such as the projected three million tonnes of copper production per year.
Furthermore, President Hichilema disclosed the government’s commitment to streamlining business operations to create a conducive environment for investors. He reiterated the government’s readiness to collaborate with international partners to bolster investments in the energy sector, recognizing the indispensable role of sufficient energy in driving development, particularly in mining and other key sectors.
President Hichilema urged 7YRDS Energy to expedite negotiations with ZESCO, Zambia’s electricity supply company, for a power purchase agreement, stressing the urgency of increasing power generation capacity to meet growing demand.
Meanwhile, German Ambassador to Zambia, Anne-Wagner Mitchell, expressed Germany’s keen interest in investing in Zambia’s solar energy sector to support the country’s power needs in mining and agriculture. She revealed that 7YRDS Energy has already secured land for feasibility studies in Kafue and Sesheke districts, with a commitment of one million United States Dollars for the initial studies.
Founder and Managing Director of 7YRDS Energy, Philip Jansen, praised President Hichilema for his efforts in promoting Zambia as an attractive investment destination. He cited the recent visit by German President Frank-Walter Steinmeier as a catalyst for heightened interest in investing in Zambia. Mr. Jansen commended Zambia’s peaceful environment and commitment to the rule of law, which have bolstered its appeal to investors.
He affirmed his company’s dedication to expediting the project’s implementation, with plans for operations to commence as early as the first quarter of the following year.
Eeeembwa ndimwe for believing this lying psychopath
Its you that is real embwa mwitu. Didn’t your PF lie to Zambians about “more money in your pockets in 90 days” iwe Lord of poverty?
I miss PF, their crimes and violence during campaigns was fvking entertaining.
This HH and his dull team are boring…
It’s unfortunate that Zambians that have shown interest in investing in this sector haven’t received the same attention and assurance as foreign entities. We’ve a good number of energy experts that are willing to come back home and undertake similar projects but have been hindered by govt red tape, legislation that declares Zesco as the single buyer and a lack of assurance the it’ll buy power at a reasonable rate. It’s not experts at Zesco that make these important decisions but dimwit politicians and it doesn’t seem like this government is willing to deal with Zambians because of petty jealous
@Ayatollah. Well said!!! And why is he so excited about such a small company which only has 2000 customers? If it’s big investment in the energy sector why not target the big fish such as EDF? Cheap monkey tricks to get kickbacks just as before…this cat will never change his spots. The biggest pompwe in town at it again
@Ayatollah
Those truth is, those so called “……Zambians that have shown interest in investing…. ” DO NOT exist they are just a bunch of time wasters who frequent social media complaining…..They are just “Investors on paper”….
@general kanene
Well said….
Zambians think money grows on trees
On trees inside Community House?
@the Engineer. It does! You obviously have never heard of Mukula
t’s great to hear that President Hichilema is affirming his commitment to enhance power generation in the country. However, to truly instill confidence in the masses, shouldn’t the President provide more concrete details about the budget allocation or the proposed bill that is ready to be signed to support this commitment? Without specific plans or funding earmarked for these projects, it’s difficult for the public to fully believe in the president’s commitment. Can the president offer more transparency and clarity regarding the practical steps and financial resources that will be dedicated to this crucial initiative?
These statements are made to match the topic at a given event eg General Shikapwasha is killed by a gun.. speech? HH orders minister to introduce gun control law… the list goes on…
@Deja Vu. Covid…start manufacturing a covid vaccine. Cholera…start manufacturing a cholera vaccine. Next will be diabetes since Masebo has sounded the alarm. What a useless president and government.
Deja Vu is trying to say these are riff raff statements that arent sourced from any standing plan or ideology meant to drive the nation forward. They are things one says to please the audience that is HERE and NOW.
is concerning when an administration does not fully understand the importance of intellectual property for the country’s development. Relying heavily on outside investors without a strong domestic understanding of intellectual property can lead to a situation where the country may not fully benefit from its own innovations and creations.
While foreign investment can bring in much-needed resources and expertise, it is crucial for a country to also foster its own intellectual property and innovation ecosystem. This involves supporting local entrepreneurs, researchers, and innovators to develop and protect their intellectual property. By doing so, a country can ensure that it retains ownership and control over its technological advancements and innovations, leading to long-term economic and technological growth.
A balanced approach that combines foreign investment with a strong emphasis on nurturing and protecting domestic intellectual property is essential for the long-term prosperity and technological sovereignty of any country.
It is crucial for a country to also foster its own intellectual property and innovation ecosystem. This involves supporting local entrepreneurs, researchers, and innovators to develop and protect their intellectual property. By doing so, a country can ensure that it retains ownership and control over its technological advancements and innovations, leading to long-term economic and technological growth.
When people are willing to send others to jail just for reminding them about where they come from, just know that you’re in trouble. Inferiority complex is a serious problem in this administration and that’s why they prefer foreign investment as opposed to local. I’m sure that someone was shivering upon hearing that those chaps were from Germany. We’ve a long way to go
The country needs energy advisors to advise the nation or the govt of the day what steps to take in energy sector. There is a country in the region that took a similar approach of waiting for “investors” an today it is a nightmare now. We have about 6GW of reserves in hydroelectricity begging. We have not even started installing wind turbines which is a technology that is maturing. The potential for bio-energy is massive and this is a technology that only depends on the availability of biomass. Our brothers in Kenya and Uganda are ahead of us. We have Zambia Sugar PLC to use as a reference plant for bio-energy. More coal also needs to be used by industry for process heat and electricity generation
Two years and half in office still affirming with no single project to show for. Imbwa nifwebo for believing that Judas can repent. Even on his grave, it be known that there lies a Privatization thief and a greatest Liar She promise.
The man has made a lot of pledges. If they can materialize, Zambia can be heaven on earth. Promising a woman a moon which you cannot provide. This time around, people should not take him serious. He is just raising hopes for the gullible. A person should not just be promising but be pragmatic. All these promises are just an illusion to cover up his failed government. We are entering in 3 years of promises and promises. What a disgrace!!!
The usual gang of hogwash writers are making utterly useless comments once again.
You guys are so fortunate to live in a country like Zambia where there is freedom of speech and your gutter language is tolerated..
Pledges, pledges and more pledges. No action.
“Startup emerges from stealth with $25 million for robots that lay bricks as fast as humans—and fill the huge shortage of laborers“ fortune
The conman playing the game he thinks he is the most intelligent guy in Zambia.Wait for 2026 you will understand that power is temporary
Deep down he knows that his kids will be victims of his policies. These ba zungu are busy securing the future of their kids with dodgy deals and this one is busy auction the future assets of his children. Even when they make it so obvious to you, you prefer to turn a blind eye and insult your own people instead. One day…it will show.