Mar 24, 2017 Last Updated 10:30 AM, Mar 24, 2017

Zambia developing FITs for green energy

ABN – The Zambian government is developing a feed-in tariff (FIT) regime for renewable energy projects that will help it to procure more electricity from independent and small-scale producers.

It is hoped that the scheme will encourage greater utilisation of the country’s vast wind, solar and hydro resources, by making small-scale renewable energy projects more attractive to investors.

Zambia’s Ministry of Mines, Energy and Water Development is developing the scheme in partnership with the United States Agency for International Development (USAID), with assistance from the Zambian Department of Energy and Energy Regulation Board.

The ministry previously announced that it would facilitate the development of 1.2 gigawatts of solar power capacity by August 2016 in order to meet growing energy demand and reduce the country’s reliance on energy imports.

@ABNetworkOnline

Dangote Cement expands capacity

ABN – Dangote Cement Plc has signed contracts with China’s Sinoma International Engineering Co. Ltd. that will boost its capacity by 25 million tonnes.

The expansion will take place in 11 African countries and will cost an estimated US$4.34 billion.

It will lift Dangote Cement’s overall capacity to more than 70 million tonnes, securing its position as Africa’s largest cement producer.

Company head Aliko Dangote, the richest man in Africa, has said he wants to boost the company’s cement output to a total of 100 million tonnes by 2020.

He said: “We are progressing very aggressively. Africa will not lack cement.”

The new capacity will be spread across Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana and Nepal.

@ABNetworkOnline

Zambia to add 1.2GW solar capacity

ABN – The Zambian government has announced plans to develop 1.2 gigawatts (GW) of solar power capacity in order to meet growing power demand.

The new capacity will be added within the next year, before August 2016, filling the country’s 650-megawatt power deficit.

Zambia is currently struggling to fill the deficit by importing power from Mozambique, and it is planning to import power from South Africa in the near future.

According to the country’s Ministry of Mines, Energy and Water Development, it has already been approached by several independent power producers keen to set up solar power plants at competitive rates.

Several external sources have offered to support Zambia in achieving its renewable energy goals, including the International Finance Corporation (IFC) and the French government.

The IFC has pledged to provide debt financing for two 50-megawatt solar projects being developed by Industrial Development Corporation Zambia, which will develop 600 megawatts of solar capacity overall.

On a recent trip to Zambia, France’s energy minister Segolene Royal said the French government would help Zambia to set up solar power projects in rural areas by providing financial support.

@ABNetworkOnline

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