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Africa GreenCo Group, in collaboration with the African Capacity Building Foundation (ACBF), Invest Africa, and the Africa Infrastructure Development Association (AfIDA), has announced plans to launch a new initiative to support local developers and Independent Power Producers (IPPs) in the Southern African Development Community (SADC) region, with a particular focus on Zambia and Zimbabwe.
According to a statement issued in Lusaka on Tuesday, the programme aims to address regional power shortages by providing essential guidance through various stages of project development, contributing to a more sustainable and reliable energy sector.
GreenCo and its partners claim that they would conduct a series of meetings and webinars focusing on project development, financing mechanisms, regulatory requirements, risk mitigation strategies and other pertinent issues.
“GreenCo is committed to empowering and driving sustainable growth in the energy sector in the region,” reads part of the statement.
A series of planned events and engagements would allow projects to be presented to international lenders and investors through AfIDA’s incubator programme, the organization said.
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“This exposure will provide local developers and IPPs with access to potential funding opportunities, ensuring the success and viability of their projects and delivery on the ground,” the company added.
The initiative will be launched at the Energy Forum for Africa Conference in Lusaka, Zambia.
The webinars would be part of the actionable outcomes of the forum, focusing on finding long-term solutions to the current energy crisis in Zambia and Zimbabwe and alleviating power shortages in the region.
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