Zambia’s National Pension Scheme Authority Announces $200 Million Investment for Maamba Collieries Expansion
The National Pension Scheme Authority (NAPSA) has announced a significant investment of up to $200 million in debt to support the phase two expansion project of Maamba Collieries Ltd.
This investment was revealed during a press briefing on July 16 by NAPSA Chairperson Shipango Muteto.
Muteto emphasized that the expansion project represents a promising diversification within the authority’s energy sector investment portfolio.
The Maamba Collieries expansion is expected to generate 1,200 jobs during the construction phase and 400 additional jobs once operational.
This initiative marks NAPSA’s second major investment of the year, following its commitment to the 750-megawatt Kafue Gorge project.
NAPSA Director General Muyangwa Muyangwa also highlighted that the authority is exploring renewable energy options, specifically solar power, to address Zambia’s power deficit.
He noted that out of 44 renewable energy proposals, 13 have been identified for gradual implementation throughout the year.
