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Energy investors arrive in Zambia today

MWAMBA

VIOLET MENGO, Lusaka
THREE groups of prospective international investors arrive in Zambia today to explore opportunities in the energy and mining sectors.
Representatives from South African-based Energyst, South Korean KEPCO KPS and LG international will be in Zambia until Saturday and they will meet Government officials and other institutions.
This is contained in a statement issued by first secretary press at the Zambian High Commission in South Africa, Nicky Shabolyo.
Mr Shabolyo said the team is expected to have two separate meetings with officials from the Ministry of Mines, Energy, and Water Development and another one with Zesco Limited.
They will also have a meeting with the Rural Electrification Authority (REA).
Mr Shabolyo said the three groups will be accompanied by first secretary for economic and trade at the Zambian High Commission in Pretoria, Mande Kauseni.
“The trade mission follows separate discussions between Zambia’s High Commissioner-Designate to South Africa, Emmanuel Mwamba and the three entities,” he said.
Earlier in August, Mr Mwamba told Energyst during meetings that the country is facing the most critical energy crisis in 50 years following last year’s poor rainfall and had hoped the company could help find solutions.
Mr Mwamba could not make decisions on the issue but facilitated that representatives from Energyst travel to Zambia and meet relevant officials.
“Energyst is able to install capacity in the ranges of 10 to over 100 megawatts within three to five weeks. The company operates power plants on rental basis across the world,” he said
Mr Shabolyo said it has completed a 12-megawatt plant in Burundi while others have been installed in the Democratic Republic of Congo (DRC) and Cameroon.
KEPCO KPS has experience in thermal, nuclear, hydro and solar power plant maintenance technology.
LG International is into natural resource development and industrial infrastructure business in emerging countries with growth potential. The company says it has identified various areas of interest in Zambia which include the copper, coal and gold mining sectors.

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