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Canadian developer seals deal with Zambia Electricity Supply Corporation
Canadian developer SkyPower Global and Zambia Electricity Supply Corporation (ZESCO), today announced the signing of a 1GW Power Purchase Agreement (PPA).
This major agreement is a pivotal component of Zambia’s Integrated Renewable Energy Plan, designed to significantly enhance the nation’s renewable energy capacity to support sustainable growth, said Skypower.
President of the Republic of Zambia Hakainde Hichilema said: “The Green Giant Zambia project is a crucial component of our Integrated Renewable Energy Plan, especially in the context of our current drought owing to climate change.
"This initiative aims to substantially increase our renewable capacity to address both current and future energy needs as Zambia aims to increase industrial productivity and fulfill our aspiration to attain over 3m metric tonnes of annual copper production.”
The ceremony to mark the deal featured key insights from SkyPower country manager and special advisor Michael Prest and ZESCO managing director Engineer Victor Benjamin Mapani.
“The Green Giant Zambia initiative is a monumental step towards a sustainable future. By leveraging cutting-edge solar technology and our collective expertise, we are set to dramatically transform Zambia’s energy landscape, making it a model for renewable energy development worldwide,” said Prest.
Mapani added: “This agreement with SkyPower Global is a testament to ZESCO’s commitment to transforming Zambia into a hub for renewable energy in Africa. The Green Giant Zambia project will not only secure energy for millions but also bolster our national grid with sustainable, clean power.”
SkyPower Global founder, president and chief executive Kerry Adler added: “With Green Giant Zambia, we are not just producing renewable energy; in line withPresident Hichilema’s vision and goals for Zambia. Together, we are also cultivating jobs, and sustainable infrastructure that will benefit generations.
Green Giant Zambia is a beacon of progress, symbolizing our joint commitment to the environment and fostering economic growth.”
The Green Giant Zambia project is set to supply electricity to approximately 4m homes and stimulate considerable job creation and infrastructure development, aligning with Zambia’s adherence to the United Nations Sustainable Development Goals and establishing Zambia as a regional leader in renewable energy. |
