ERB approves $98.4 million investment in Zambia’s energy sector, grants 34 licenses

The Energy Regulation Board (ERB) has approved 34 license applications and five construction permits in the renewable energy and petroleum sub-sectors, representing a combined investment of US$98.4 million.

ERB Public Relations Manager, Namukolo Kasumpa, announced that these approvals were granted during the July licensing committee meeting, where 35 applications were considered.

Kasumpa, in a statement issued in Lusaka on Thursday, noted that one license application was rejected due to non-compliance with safety standards and regulations.

“The stringent licensing process demonstrates the Board’s commitment to promoting investment and growth in the energy sector, while maintaining strict adherence to safe practices and regulatory requirements that safeguard the well-being of the public,” Kasumpa stated.

The approved licenses cover diverse activities within the energy sector, including the retail of liquefied petroleum gas (LPG), importation, and supply.

They also included the installation of solar energy equipment and the transportation, importation, and retail of petroleum products.

Kasumpa highlighted that these approved licenses not only ensure a reliable and diversified energy supply but also attract substantial investment, fostering economic growth and generating employment opportunities.

Additionally, the granted construction permits in the petroleum sub-sector will facilitate the establishment of crucial infrastructure necessary for the bulk storage and distribution of petroleum products, reinforcing national fuel supply security.

“The ERB remains committed to fostering a transparent regulatory environment that promotes and facilitates sustainable energy alternatives, investment attraction, and compliance with licensing guidelines and standards within the energy sector,” Kasumpa assured.

She added that this considerable investment demonstrates the confidence of businesses and investors in Zambia’s energy sector and validates the robust government policies underpinning the ERB’s regulatory framework.

Kasumpa pledged the Board’s commitment to continuing a rigorous, transparent and predictable licensing procedure that encourages the adoption of alternative energy sources.

“This aims to contribute to the energy mix and sustainability of Zambia’s energy future while maintaining the highest safety and quality standards,” she said.

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