Zambia cuts Kafue Gorge Lower cost to $2bn, enabling lower tariffs

According to a number of people close to the project, the final delivery cost for the 750MW Kafue Gorge Lower hydroelectric power (HEP) station is now expected to be some $300m less than the previously expected, after refinancing by Zambian state utility Zesco and the main contractor.

Zesco managing director Victor Mapani outlined to African Energy the expected impact on the final tariff that Kafue Gorge Lower Power Development Corporation (KGLPDC) charges to Zesco.