Business

Lunzua to build $850m hydro-power stations

TRYNESS TEMBO, Lusaka
LUNZUA Power Authority Limited (LPA) intends to construct hydro-power stations at Kabwelume and Kundabwika falls on the Kalungwishi River at a cost of about US$850 million.
The two stations will have a generation capacity of about 96 megawatts and 151 megawatts respectively.

According to an environmental impact assessment report submitted by the firm to the Zambia Environmental Management Agency, the objective of the project is to develop a hydro-power plant to generate electricity for export into the national grid to meet existing and projected power consumption demands.

“At present, the total project investment value is estimated at approximately US$750 million to US$850 million. The final investment value will depend on, among other factors, the engineering procurement and construction, equipment supply, project size and financing terms.
“It is LPA’s intention to commence procurement in December 2017/2018 and therefore investment value…http://epaper.daily-mail.co.zm/

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