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Category: Electricity

World Bank and AfDB Collaborate to Electrify Africa 1 International Electricity 

World Bank and AfDB Collaborate to Electrify Africa

Constance
The World Bank and the African Development Bank (AfDB) have joined forces with the ambitious goal of providing electricity access to 300 million people in Africa by 2030. Currently, approximately 600 million individuals on the continent lack access to electricity, hindering economic growth and job creation. Under this partnership, the World Bank aims to connect 250 million people through distributed renewable energy systems or the distribution grid. This endeavor requires an estimated $30 billion in public sector funding and presents a significant $9 billion investment opportunity for the private sector.… Read More Here
Zambia's Power Utility Declares Force Majeure on Mines' Electricity Supply 2 Mining in Zambia Copper Electricity 

Zambia’s Power Utility Declares Force Majeure on Mines’ Electricity Supply

Constance
Zambia’s state-owned power utility has issued force majeure notices regarding electricity supply to certain mines, as reported by an industry association, intensifying the strain on the copper market amidst unprecedented challenges. According to the Chamber of Mines in Africa’s second-largest copper producer, ZESCO Ltd has informed several members of the organization that it cannot fulfill its supply obligations. However, specific details regarding the affected projects were not disclosed in the statement. The market for semi-processed copper ore, commonly known as concentrates, is currently facing unparalleled tightness, with veteran traders highlighting… Read More Here
Transparency Concerns Arise Over ZESCO's $160M Debt Write-off to Maamba Collieries Limited 3 Mining in Zambia Coal Electricity 

Transparency Concerns Arise Over ZESCO’s $160M Debt Write-off to Maamba Collieries Limited

Constance
In a recent development, Maamba Collieries Limited (MCL), Zambia’s largest coal mine and the leading Independent Power Producer (IPP), remains tight-lipped regarding the controversial $160 million debt write-off extended to them by the state-owned power company, ZESCO. This write-off, following a lengthy period of dispute and negotiation, has raised eyebrows and sparked speculation about potential corruption and overbilling. The debt between MCL and ZESCO had ballooned to over $600 million by 2021, as ZESCO disputed the charges, leading to prolonged negotiations. However, a recent statement from ZESCO’s Managing Director, Victor… Read More Here
President Hichilema Inaugurates 60 Megawatt Solar Plant in Kitwe to Combat Energy Crisis 4 Mining in Zambia Electricity Energy 

President Hichilema Inaugurates 60 Megawatt Solar Plant in Kitwe to Combat Energy Crisis

Constance
In a significant move towards diversifying Zambia’s energy sector, President Hakainde Hichilema inaugurated the 60-megawatt Itimpi power project in Kitwe last week. Developed by the Copperbelt Energy Corporation (CEC), the project represents a pivotal step in the country’s efforts to increase investments in non-hydro-based power generation. President Hichilema, who was on a five-day visit to the Copperbelt region, emphasized the importance of private sector involvement in sustaining such investments. He urged entrepreneurial firms to capitalize on Zambia’s abundant sunlight by investing in solar energy, thereby contributing to a more resilient… Read More Here
Zambia and Mozambique Strengthen Power Collaboration to Address Electricity Deficit 5 Mining in Zambia Electricity 

Zambia and Mozambique Strengthen Power Collaboration to Address Electricity Deficit

Constance
Zambia and Mozambique have enhanced their partnership to tackle Zambia’s electricity shortfall by finalizing an agreement for additional power imports on Thursday last week. Under the agreement, signed by Zambia’s Zesco Limited and Mozambique’s state-owned energy firm, Mozambique Electricity (EDM), Zambia will now import an extra 40 megawatts of power, supplementing the existing 50 megawatts from a previous deal. This raises the total import capacity to 90 megawatts, effective until June 30, 2025. Victor Mapani, Zesco’s managing director, praised the amended agreement as evidence of the strong collaboration between the… Read More Here
Mozambique: EDM loses over 78 million dollars from vandalization and illegal connections 6 International Electricity 

Mozambique: EDM loses over 78 million dollars from vandalization and illegal connections

Constance
Mozambique’s publicly-owned electricity company, EDM, has recorded, over the last year, a financial loss of five billion meticais (78.3 million dollars at the current exchange rate) as a result of damage of equipment by criminals across the country, as well as illegal connections. According to EDM Executive Director, Noel Govene, who was speaking recently at the signing ceremony of a Memorandum of Understanding between EDM and the Institute for Scholarships (IBE), “in 2023 alone, EDM recorded losses of around five billion Meticais, an amount that could have been used to… Read More Here
World Bank's $100M Grant to ZESCO Drives Zambian Energy Reforms 7 Mining in Zambia Electricity Energy 

World Bank’s $100M Grant to ZESCO Drives Zambian Energy Reforms

Constance
Energy expert Johnstone Chikwanda asserts that the disbursement of a $100 million grant to Zambia, allocated for ZESCO Limited by the World Bank, will accelerate ongoing energy sector reforms aimed at enhancing access to sustainable clean energy. Dr. Chikwanda emphasizes that Zambia, as a signatory to United Nations Sustainable Development Goal Number 7, stands to benefit significantly from this support as it strives to achieve universal access to clean energy by 2030. He underscores the timeliness of the disbursement, noting the government’s unprecedented efforts to diversify the electricity generation mix.… Read More Here
ZESCO Negotiates Increased Electricity Imports from Mozambique 8 Mining in Zambia Electricity Energy News in Brief 

ZESCO Negotiates Increased Electricity Imports from Mozambique

Constance
Zambian Energy Minister Peter Kapala announced negotiations between ZESCO and Mozambique’s EDM to increase electricity imports to 120 MW. Currently, Zambia imports 50 to 90 MW from Mozambique and plans to boost it to meet demand. This move, however, will result in a revenue loss of $110 million. Last October, EDM agreed to resume electricity sales to Zambia under a contract potentially reaching 250 MW. The agreement includes firm sales of 50 MW during off-peak hours and an additional 200 MW on a non-firm basis. Additionally, both parties renewed an… Read More Here
Chambishi Copper Smelter Reduces Production Amid Power Shortages 9 Mining in Zambia Copper Electricity 

Chambishi Copper Smelter Reduces Production Amid Power Shortages

Constance
Zambia’s Chambishi Copper Smelter, owned by China Nonferrous Metal Mining Corp (CNMC), has cut one-fifth of its production due to severe power shortages in the country. The smelter, a key processing facility in Zambia, typically produces 250,000 tonnes of copper annually. However, ongoing droughts and maintenance projects by state-owned power utility Zesco have led to reduced electricity supply, prompting Chambishi to scale back capacity. Sources indicate that Chambishi began reducing production last week, anticipating power rationing announced by Zesco starting March 11. To address concerns about power security during shortages,… Read More Here
Zambia Develops Plans to Address Electricity Needs Amid Drought Threat to Hydropower 10 Mining in Zambia Electricity Energy 

Zambia Develops Plans to Address Electricity Needs Amid Drought Threat to Hydropower

Constance
Zambia has developed strategies to import and manage electricity as a severe drought threatens to impact hydropower generation, the nation’s primary power source, as reported by Reuters. The ongoing dry spell, declared a national disaster, is anticipated to negatively affect food production and could have repercussions on the mining sector, a vital component of Zambia’s economy as the second-largest copper producer in Africa. President Hichilema highlighted that the energy sector is projected to face a deficit of nearly 450 to over 500 megawatts this year due to the prolonged dry… Read More Here

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