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Subscriber

Intermediary offtaker Africa GreenCo Group has reached its first financial close following investments by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and the Investment Fund for Developing Countries (IFU). The milestone allowed GreenCo to submit a formal licence application to trade energy to Zambia’s Energy Regulation Board at the end of October. It also allows the company to kickstart preparations for operations in Zambia through GreenCo Power Services.

Zambia
Subscriber

Zambia Electricity Supply Corporation (Zesco) invites prequalification bids from consultants by 4 December to serve as owner's engineer for the rehabilitation and extension of the 6MW Chishimba Falls hydropower station on the Luombe River in Northern Province.

Zambia
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Maamba Collieries Limited (MCL) has launched arbitration proceedings against Zambian state power utility Zesco in London’s High Court seeking payment of $350m of arrears. MCL, majority-owned by India’s Nava Bharat Ventures, says it may be forced to shut its 300MW coal-fired power plant as mounting debt and pressure from lenders pose a serious threat to the viability of its operations.

Zambia
Issue 426 - 05 November 2020

World Bank debars Kalpataru, CEDRI

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The World Bank has announced debarments of India’s Kalpataru Power Transmission Ltd and its regional subsidiaries and of China Electric Design and Research Institute (CEDRI). The bank said Kalpataru was sanctioned as a result of fraudulent practices when participating in the Southern African Power Market Project (SAPMP) in Democratic Republic of Congo, which rehabilitated and extended high-voltage power lines, and the Egypt Wind Power Development Project (EWPDP), which included developing transmission infrastructure.

DR Congo | Zambia
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A long-awaited power sector cost of service study being carried out by UK-based Energy Market and Regulatory Consultants (EMRC) will not now be completed until 2021. Energy permanent secretary Trevor Kaunda said the government was hopeful the study, which had been promised for year-end, would be completed next year and would help settle several disputes within the sector.

Zambia
Issue 423 - 24 September 2020

Zambia: US developer plans 200MW solar

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US-based renewables developer Ultra Green Corporation says it is negotiating a power purchase agreement (PPA) with Zesco for a 200MW solar power plant in Central Province. Ultra Green Zambia manager Emmanuel Mwizerwa said the company plans to start construction of the $216m project once Zesco approves the PPA.

Zambia
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The Moroccan Agency for Sustainable Energy (Masen) is tendering for a technical adviser to help deliver the first of a series of power projects which it intends to build in Zambia in partnership with the national utility Zesco.

Zambia | Morocco
Issue 418 - 26 June 2020

Zambia: Ngonye hydro procurement

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A request for proposals is scheduled to be issued in Q3 to prequalified engineering, procurement and construction contractors to build the 180MW Ngonye Falls hydropower plant on the Zambezi River. Prequalification for the project got under way last year. The tender comes despite uncertainty about the direction of the power sector in the country, with national utility Zesco taking on ever more debt and the government picking a fight with the Copperbelt Energy Corporation, Zesco’s most reliable source of income.

Zambia
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A first attempt by Copperbelt Energy Corporation (CEC) at overturning the statutory instrument issued by energy minister Matthew Nkhuwa on 29 May declaring CEC’s network common carrier, as well as the imposition of a tariff a couple of days later, failed when the High Court denied leave to initiate proceedings on 15 June. CEC will now take the case to the Court of Appeal.

Zambia
Issue 417 - 12 June 2020

Zambia: Solar bolt from the blue

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Zesco has announced a deal with Power China to add 600MW of solar power to its grid in 2022.The Chinese contractor will build three solar PV projects in Chibombo, Chirundu and Siavonga districts on an engineering, procurement and construction plus finance basis. The debt required for the project is around $548m. Power China is the parent company of Sinohydro, which already accounts for 67% of Zesco’s debt. The Power China projects appear aimed to replace the second round of Scaling Solar, through which Zambia had intended to procure 600MW.

Zambia
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Energy minister Matthew Nkhuwa on 1 June declared transmission and distribution assets owned by the publicly listed Copperbelt Energy Corporation (CEC) as common carrier. This is intended to allow Zesco to use CEC lines to supply power to the government-controlled Konkola Copper Mines (KCM), with which it has signed a term sheet for power supply. The regulator imposed a hastily approved wheeling fee, which CEC says is equivalent to only 30% of its current network tariff.

Zambia
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Kalahari GeoEnergy expects to drill three geothermal resource delineation slim wells and complete feasibility studies in the next ten months, provided coronavirus restrictions are eased soon. The Bweengwa River geothermal resource in the Kafue Trough west of Lusaka has about 15MW of power generation capacity at 50% probability, and the aim of these studies is to raise this to 90% probability, Kalahari GeoEnergy chief executive Peter Vivian- Neal told African Energy.

Zambia
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Konkola Copper Mines (KCM) has challenged a decision by Copperbelt Energy Corporation (CEC) to restrict power supply to the miner to force it to pay $132m of outstanding electricity bills. CEC announced the plan on 18 May, but KCM sought an injunction in the Kitwe High Court in an effort to overturn the decision.The case opened on 26 May and was adjourned to 22 June. In the meantime, the power supply to the mine remains uninterrupted.

Zambia
Issue 416 - 29 May 2020

Zambia faces debt crisis

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Most immediate concern focuses on Zambia, whose commodities- based economy had attracted eurobond, Chinese and other investors, but which has got into major problems on President Edgar Lungu’s watch. These pressures have been significantly exacerbated by liabilities that were not until recently included in the Ministry of Finance’s official debt data – many of them linked to Lungu’s favoured infrastructure and other projects. Finance minister Bwalya Ng’andu has admitted that unrecorded “project loans” amount to $7bn, in addition to the previously accepted $11bn-$12.6bn of official sovereign debt his ministry controls.

Zambia