President Edgar Lungu officially commissioned the Bangweulu Solar Project located in the Lusaka South Multi-Facility Economic Zone, another mark of confidence by the private sector in Government.
Representing Zambia’s first utility-scale solar photovoltaic (PV) farm, the Bangweulu project was developed by Neoen and First Solar, a French-American Independent Power Producer consortium, under the management of Zambia’s Industrial Development Corporation (IDC).
This is in partnership with the World Bank Group’s International Finance Corporation (IFC) Scaling Utility-Scale Solar Program (known as “Scaling Solar”).
The Government is attracting investment in key sectors such as energy and agriculture as part of the diversification agenda.
The U.S. Agency for International Development’s (USAID) Power Africa initiative catalyzed the Bangweulu project, the first of multiple planned “Scaling Solar” alternative-power projects, through a $2 million grant from USAID/Zambia.
The grant helped to lower project risk for bidders, contributed to the concessionary financing structure, and helped to generate over $100 million in private-sector investment in Zambia’s power sector.