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The World Bank has approved a $292 million grant to support Zambia’s energy sector through the Zambia-Tanzania Interconnector Project (ZTIP).
The initiative aims to expand Zambia’s energy portfolio, providing sustainable and affordable energy to power economic growth and boost job creation.
The project aligns with regional and national efforts to ensure the long-term sustainability of Zambia’s energy sector and achieve universal electricity access.
In a statement issued Wednesday in Lusaka, the World Bank outlined the grant’s sources: US$245 million from the International Development Association (IDA), US$17 million from the UK Foreign Commonwealth & Development Office (FCDO) through the Energy Sector Management Assistance Program (ESMAP), and US$30 million from the European Union (EU).
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World Bank Country Manager for Zambia, Achim Fock, said Zambia’s power sector faced significant financial challenges, which hindered economic growth.
“Through the ZTIP, the World Bank will partner with Zambia to increase power transmission capacity between Zambia and Tanzania, strengthening links between East and Southern Africa,” Fock stated.
The project is expected to benefit both current and potential electricity users in Zambia and the Southern African region by improving supply security and reducing costs through enhanced electricity trade.
It wouldcalso promote rural electricity access, boosting education, healthcare, productivity, and business growth.
Energy Practice Manager for Eastern and Southern Africa, Yadviga Semikolenova, noted that the ZTIP would enhance Zambia’s resilience to climate shocks, reinforce its transmission system, and support renewable energy projects and access expansion.
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