ZESCO signs $3.5billion deal with China’s CiEG for renewable energy production in Zambia

ZESCO signs $3.5billion deal with China’s CiEG for renewable energy production in Zambia

ZESCO signs $3.5billion deal with China’s CiEG for renewable energy production in Zambia

ZESCO, Zambia’s state-owned power utility company, has signed a Power Purchase Agreement (PPA) with Integrated Clean Energy Power Company Ltd (CiEG), a subsidiary of China Huadian Corporation, to produce 2,400 Megawatts of renewable energy estimated at US$3.5 billion. This agreement will be rolled out in phases of 600-800mw over a 3-year period in 4 provinces beginning this year with 300mw in Southern Province and 300mw in Central Province.

For more information, please see https://www.lusakatimes.com/2023/04/04/zesco-signs-3-5bn-deal-with-chinas-cieg-for-renewable-energy-production-in-zambia/

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