GreenCo receives Zambian government backing for intermediary role

In depth
Issue 406 - 19 Dec 2019 - By Dan Marks | 9 minute read

Zambia’s government announced on 19 November that it had approved the establishment of a creditworthy renewable energy intermediary power offtaker, facilitating the establishment of GreenCo in the country. The intermediary offtaker will sit between Zesco and IPPs, providing a better credit risk to banks by offering risk mitigation and the right to sell power elsewhere in the event of a default.

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