Economy

Relief for energy crisis, as presidency confirms 1,000 megawatts solar power purchase deal

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One thousand megawatts (MW) solar power purchase agreement has reportedly been entered into by ZESCO and SkyPower Global.

This was announced in a joint statement by the Zambia Development Agency (ZDA), ZESCO and SkyPower on Thursday. The statement noted that the agreement was a strategic component of the country’s integrated renewable energy plan.

The plan is designed to enhance Zambia’s energy capacity to support sustainable growth.

“This initiative aims to substantially increase our renewable capacity to address both current and future energy needs as Zambia aims to increase productivity and fulfil our aspiration to attain over three million metric tonnes of annual copper production,” according to the statement.

President Hakainde Hichilema confirmed the deal in a post on official his Facebook page on Thursday.

Hichilema said: “Today we have made great strides towards making our ‘Integrated Renewable Energy Plan’ a reality, through the signing of a 1000MW Power Purchase Agreement between Zesco and SkyPower Global.

“This agreement will go on to provide electricity for approximately four million homes and create new jobs and infrastructure development for our citizens.”

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