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According to Reuters, Zambia will complete its first large-scale 50 MW solar power plant
in September this year.
Because the country is experiencing a situation of power shortages
.
This has forced Africa's second-largest copper producer to supply electricity
to its largest consumer coal mine.
A spokesman for the state-owned Industrial Development Corporation said the $60 million project in Lusaka was financed
through a combination of equity and debt.
Currently, the power project is underway
with Neoen/First Solar.
IDC spokesman Namakau Mukelabai said: "IFC and OPIC are providing debt, while shareholders Neoen/First Solar and IDC are providing equity, referring to the World Bank's financing arm and a U.
S.
government agency
that helps U.
S.
companies invest in emerging markets.
" ”
The World Bank program aims to help governments provide cheap, clean energy
by helping them conduct competitive auctions and reduce investment risks.
This includes the full suite of World Bank products and services, including IFC financing and advisory and Group MIGA guarantees
.
Mukelabai also said that the second 50 MW solar power project signed with Enel Green Power is expected to reach a financial close
in the second quarter of 2018.
The two bidders set their tariffs at 6.
02 cents/kilowatt-hour (kWh) and 7.
84 cents/kWh, respectively, and the proposed tariffs would remain fixed for
25 years.
Mukelabai added that the second round of tenders for large-scale solar projects is planned to reach 300 MW and will be distributed in the provinces of the Copperbelt, Central, Eastern and Lusaka
.
(This article first published cable network: /, please indicate the source for reprinting)
According to Reuters, Zambia will complete its first large-scale 50 MW solar power plant
in September this year.
Because the country is experiencing a situation of power shortages
.
This has forced Africa's second-largest copper producer to supply electricity
to its largest consumer coal mine.
A spokesman for the state-owned Industrial Development Corporation said the $60 million project in Lusaka was financed
through a combination of equity and debt.
Currently, the power project is underway
with Neoen/First Solar.
IDC spokesman Namakau Mukelabai said: "IFC and OPIC are providing debt, while shareholders Neoen/First Solar and IDC are providing equity, referring to the World Bank's financing arm and a U.
S.
government agency
that helps U.
S.
companies invest in emerging markets.
" ”
The World Bank program aims to help governments provide cheap, clean energy
by helping them conduct competitive auctions and reduce investment risks.
This includes the full suite of World Bank products and services, including IFC financing and advisory and Group MIGA guarantees
.
Mukelabai also said that the second 50 MW solar power project signed with Enel Green Power is expected to reach a financial close
in the second quarter of 2018.
The two bidders set their tariffs at 6.
02 cents/kilowatt-hour (kWh) and 7.
84 cents/kWh, respectively, and the proposed tariffs would remain fixed for
25 years.
Mukelabai added that the second round of tenders for large-scale solar projects is planned to reach 300 MW and will be distributed in the provinces of the Copperbelt, Central, Eastern and Lusaka
.
(This article first published cable network: /, please indicate the source for reprinting)
/
