LUSAKA, Zambia—In a significant move to enhance regional power stability, Zambia’s Copperbelt Energy Corporation (CEC) has announced a $500 million investment aimed at dramatically increasing power transmission capacity and solar energy output over the next two years. This ambitious project seeks to address critical energy needs within Zambia and the Democratic Republic of Congo (DRC), and increase stability within the Southern African Power Pool (SAPP).
The core of this investment focuses on:
- Expanding Transmission Capacity:
- A key component of the project is to more than double the capacity of the critical power transmission line linking Zambia and the DRC, raising it from the current 250 megawatts (MW) to 550 MW. This upgrade is crucial, as CEC operates the sole transmission line connecting the DRC to the SAPP, making it a vital artery for regional energy distribution.
- Boosting Solar Power Generation:
- CEC also plans to significantly increase its solar power output, contributing to a diversified and more resilient energy mix. This investment in renewable energy comes at a crucial time, particularly following the recent El Niño-induced drought that severely impacted hydroelectric power generation, which is a major source of power for the region.
- Financial Strategy:
- CEC Chief Financial Officer Mutale Mukuka has stated that the corporation intends to attract third-party investors to finance the projects, especially as Zambia recovers from a four year sovereign debt default.
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This substantial investment arrives as Zambia navigates the complexities of economic recovery and the challenges posed by climate change.
The recent drought highlighted the vulnerability of relying heavily on hydroelectric power, underscoring the necessity for diversifying energy sources.
The expansion of the transmission line to the DRC is also strategically significant, as it will facilitate greater energy trade and cooperation within the SAPP.
Key Developments:
- CEC’s recent commissioning of the 60MW Itimpi Phase 1 solar photovoltaic (PV) plant, and the plans to expand that plant to 200MW, shows the companies commitment to renewable energy.
- The company has also secured funding through green bonds, showing financial institutions are willing to invest in the companies plans.
- The increase in the transmission lines capabilities, will allow for a greater flow of power, and greater stability within the region.
The ripple effects of CEC’s investment are expected to extend far beyond Zambia’s borders. Enhanced transmission capacity will strengthen the SAPP, promoting greater energy security for member nations. Furthermore, increased solar power generation will contribute to a more sustainable energy future for the region.
Written By: By Jemosop Faith, Faith specializes in energy, climate, and renewables, transforming complex policy discussions into accessible, everyday conversations, she is a writer at Africa Digest News backed by 2+ years of focused experience.
