Zambia’s CEC to Invest $500 Million in Power Transmission and Solar Expansion
Zambia’s Copperbelt Energy Corporation (CEC) plans to invest $500 million over the next two years to expand its power transmission infrastructure.
The investment will focus on increasing solar power output and doubling the capacity of its crucial transmission line to the Democratic Republic of Congo (DRC).
CEC, which operates the only transmission link between the DRC and the Southern African Power Pool (SAPP), intends to raise power transfer capacity from 250 MW to 550 MW.
This expansion aims to enhance regional energy security and meet the growing industrial demand in both countries.
Chief Financial Officer Mutale Mukuka emphasized the company’s strategy to attract external investment for the project, noting the importance of third-party financing as Zambia recovers from a four-year sovereign debt default.
“We’re looking to invest around $500 million over the next two years, with the majority of this financing coming from third-party financiers,” Mukuka said. “We’ll invest heavily in transmission projects to ensure power from new sources can reach consumers.”
Zambia’s energy sector is gaining renewed attention from investors, particularly as the country recovers from economic challenges and a prolonged drought that reduced power generation by 70%.
CEC’s investment marks a significant step in strengthening Zambia’s energy infrastructure and positioning the country as a key player in regional electricity trade.
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