Business

EU hands REA modern equipment

KABANDA CHULU, Lusaka

THE European Union (EU) has bought modern equipment worth K658,000 (€29,000) to strengthen capacity of the Rural Electrification Authority (REA) to design renewable energy mini-grids into bankable projects to attract private sector investment. The equipment is a component of a service contract funded under the K908.5 million (€40 million) EU-supported ‘Increased Access to Electricity and Renewable Energy Production (IAEREP)’ project for the enhancing of an enabling environment and building capacity to scale up clean energies and demonstrating this through pilot projects.
Handing over the hydro meteorological instruments and survey equipment yesterday, EU head of development cooperation Arnaud Borchard said the potential of solar and hydro-energy resources in Zambia is high despite being at the beginning of the clean energy journey. Mr Borchard said Zambia’s small hydro-power potential is estimated to be approximately 1,107 megawatts (MW), which include 16 micro-hydro sites with total capacity of 560 kilowatts and 28 mini-hydro sites totalling 16MW. “Yet, currently, the total installed capacity of  CLICK TO READ MORE



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