Business

SA firm to set up $250m solar plant

NANCY SIAME, Lusaka
A SOUTH African firm has been allocated 150 hectares of land in Eastern Province where it intends to invest over US$250 million to install a solar energy plant.
The Industrial Development Corporation (IDC) is expected to facilitate the signing of the power purchase agreement with Zesco Limited. The project is scheduled to start in April after all logistics have been put in place.
Eastern Province permanent secretary Chanda Kasolo said when fully operational, the solar energy plant is anticipated to generate 200 megawatts of power to help mitigate the power deficit which the country is currently experiencing.
“The investor has already been allocated 150 hectares of land by Senior Chief Nzamane to set up the solar power plant,” he said.
Mr Kasolo, however, could not disclose the name of the firm, saying it will only be revealed when all logistics have been put in place.
He said the project will create between 300 and 350 jobs for the local people.
“Two hundred megawatts is a lot of power and it will go a long way in cushioning the power crisis,” Mr Kasolo said.
He urged other investors to consider operating in Eastern Province because it has a lot of potential, adding that if many others could come on board and invest in the energy sector, there would be sufficient power to use locally and export.
“We want as many investors as possible to set up similar projects [in Eastern Province] so that the current power deficit can be addressed,” Mr Kasolo said.

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