| Project Title |
Zambia Copperbelt Renewable Energy Project |
| Project Description |
The Zambia Copperbelt Renewable Energy Project is a large-scale solar photovoltaic (PV) and battery storage initiative aimed at providing sustainable, cost-effective, and reliable electricity to key water utility companies and educational institutions in Zambia’s Copperbelt Province. The project will deploy 46,835 kW of solar PV capacity and 50,861.4 kWh of battery storage, ensuring a stable power supply for water treatment plants and universities, which currently suffer from grid instability and high electricity costs. With a 20-year Power Purchase Agreement (PPA) secured at $0.07 per kWh, the project guarantees a steady revenue stream, making it financially viable and attractive for investment. The initiative aligns with Zambia’s Vision 2030 Energy Strategy, which focuses on renewable energy expansion, carbon footprint reduction, and energy security enhancement. |
| Project Location |
Copperbelt |
| Lead Agency/Project Promoter |
Letsatsi Power |
| Type of investment |
FDI, LDI |
| Model of engagement |
$40,000,000 (Debt) and $17,460,000 (Equity) |
| Project Cost |
USD 57.5 million |
| Project Status |
Greenfield project – Feasibility Study, PPA, EIA, pending GIA |
| Project Title |
ESM 1 floating solar power |
| Project Description |
ESM 1 is a joint-venture collaboration between ESM Belgium and Hydrosun Energies Limited, a Zambian consortium. The consortium plans to invest up to 1 gigawatt of power generation capacity in Zambia, starting with a 200-megawatt floating solar project. |
| Project Location |
Itezhi-tezhi |
| Lead Agency/Project Promoter |
Energy Supply & Management One Limited (ESM1) |
| Type of investment |
FDI, LDI |
| Model of engagement |
Equity or buy-off |
| Project Cost |
USD170million |
| Project Status |
Feasibility Study, PPA, EIA, pending GIA |
