Copperbelt Energy Corporation to Expand Investments in the DRC
The Copperbelt Energy Corporation (CEC) has announced plans to expand its investments in the Democratic Republic of Congo (DRC), aiming to explore additional energy-related business prospects.
This strategic move aligns with CEC’s development plan, according to a statement issued by Verona Nkolola, the Head of Corporate Communications at CEC.
CEC Managing Director Owen Silavwe emphasized the importance of the DRC market for the power company, During the DRC Mining Week, Expo, and Conference, which was held under the theme ‘Recognizing DRC’s Mining Triumphs and Victories’ in Lubumbashi,
Silavwe highlighted that CEC was a key stakeholder and one of the largest power traders in the Southern African region. Furthermore, he expressed the company’s commitment to strengthening its presence in the DRC since entering the market in 2011.
During the event, Silavwe participated in a panel discussion that focused on enhancing energy sector growth through private and green energy investments.
He emphasized the role of the mining sector in the Southern African Development Community (SADC) region in the global energy transition.
CEC, headquartered in Kitwe, supplies power to mining firms in the Copperbelt region of Zambia and the Katanga region of the Democratic Republic of Congo.
The company recognizes the significance of energy accessibility in the mining sector, which was appreciated by Samukelo Madlabane, the DRC Mining Week Event Director.
CEC is poised to expand its investments in the DRC as it seeks to capitalize on energy-related opportunities in the region. By reinforcing its presence in the market, CEC aims to contribute to the growth and development of the energy sector, particularly in the mining industry, which plays a vital role in the SADC region’s energy transition.
