Zambia Secures $1.5bn Energy Investment to Expand Power Generation Capacity
Zambia signs $1.5 billion deal with China Machinery Engineering Corporation to develop 900MW power mix and boost electricity output Zambia has secured a US$1.5 billion investment in its energy sector following an agreement between the Zambia Development Agency (ZDA) and China Machinery Engineering Corporation, aimed at expanding national electricity generation capacity. The project will deliver a diversified 900-megawatt (MW) power portfolio comprising three equal components: a 300MW coal-fired thermal plant, a 300MW solar facility, and a 300MW wind energy project. ZDA Director General Albert Halwampa described the investment as a…
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