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A US$100 million investment maiden liquefied petroleum gas (LPG) power plant is expected to be set up in Zambia in the next one year through a joint venture between Tanzania’s Taifa Gas Limited and Zambian consortium Delta Marimba Limited.
The plant will generate up to 100 megawatts (MW) of power, according to a statement. The investment was announced simultaneously in Tanzania and Zambia by Taifa Group chairman, Rostam Aziz, and Delta Marimba’s representative, Padmore Muleya, on Thursday.
In his comment on the development, Rostam Aziz credited Zambia’s favourable investment climate and the government’s policies for his company’s decision to invest in the Zambian power sector.
“Tanzania and Zambia share a profound historical connection, and there has never been a better opportunity to invest in Zambia. We are excited to contribute to Zambia’s energy landscape and foster closer ties between Tanzania and Zambia,” he said.
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LPG burns a lot cleaner than other thermal energy sources and releases much less carbon dioxide in comparison to diesel and coal, the other fuels for thermal power generation currently used in Zambia.
Muleya stated that the power plant would be set up in Northern Zambia, a strategic location from a gas logistics and supply perspective.
He said this development also answered to the need for the geographical diversification of Zambia’s power generating assets.
“Zambia’s ambitious growth targets and the push for energy that is both competitively priced and environmentally conscious demand innovative solutions.
“This LPG-to-Power project fits this mold as it uses one of the cleanest thermal fuels available today, diversifies the country’s energy source mix, hence, contributing to de-risking our national energy portfolio and will open more opportunities for LPG-related power solutions,” Muleya said.
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