Zambia-based GreenCo Power is seeking independent power producers for the construction of a solar park with a capacity of up to 40 MW in the sub-Saharan country. The pilot project will be the first in taking advantage of new rules that liberalized the Zambian energy market by enabling bilateral power purchase agreements.
The African Development Bank is currently seeking consultants to arrange debt financing for five 20 MW projects it aims to develop under Zambia’s Renewable Energy Financing Framework.
The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
Through a partnership between German investment bank, KfW and the Zambian Ministry of energy, the GET FiT scheme has entered its first round, with a tender of up to 100 MW.
The PV plant will be the nation’s largest once complete, and will be implemented under the International Finance Corporation’s Scaling Solar program.
Several sessions during last week’s Africa Energy Forum (AEF) depicted the dynamics of solar energy development in Zambia that is currently taking the form of mini grids as well as larger projects via the scaling solar program.
Zambia’s Industrial Development Corporation Limited (IDC) has issued a Request for Prequalification for the construction of several large-scale solar plants across the country. Selected projects will be developed under the ‘Scaling Solar’ initiative.
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