Zambia: Full Maamba operation set for July

Announcing financial results for the year to 31 March, India’s Nava Bharat Ventures (NBV) said the second 150MW unit of its 300MW Maamba coal power plant will begin operating by the end of July. The first unit is expected to come online by the end of June. Financial close for the integrated mining project, owned by Maamba Collieries Ltd – a joint venture of NBV (65%) and Zambia Consolidated Copper Mines Investment Holdings (35%) – was reached in July 2015, with a small portion of debt remaining to be financed by NBV.