Africa-Press – Tanzania. AMSONS Group has unveiled a strategic partnership to develop 1000-megawatt projects of solar power in Zambia.
The Tanzanian based conglomerate has secured the strategic partnership with Zambia’s Exergy Africa Limited to jointly develop and expand power generation and energy infrastructure projects.
The projects also entails generation of 300 megawatts from coal, all at a combined cost of 900 million US dollars (over 2.2tri/-)
Speaking during the signing ceremony of the partnership agreement in Lusaka on Tuesday, Amsons Group Chief Executive Officer, Mr Edha Nahdi said Zambia stands as a strategic growth market for their company.
He said through the practical partnership AMSONS will bring regional energy infrastructure, logistics capability and clean energy investments to support Zambia’s development, industrialization and power stability.
Exergy Africa Limited’s Director, Ms Monica Musonda lauded the partnership as a reflection of the growing momentum toward African-led regional energy integration, where local industrial champions and international developers work together to close infrastructure gaps and strengthen power reliability.
“This partnership represents a major commitment to Zambia’s power sector and industrial future. By partnering with a group that already operates at scale across multiple African markets, we have paced ourselves to move faster, reduce project risk, and deliver reliable power where it is needed most,” Ms Musonda said.
Through the intended investments, the partners aim at expanding Zambia’s power generation capacity, improving grid reliability for key industrial sectors, enabling new manufacturing and mining investment, and supporting long-term job creation and economic resilience.
Meanwhile, Zambia’s Minister of Energy, Mr Makozo Chikote who witnessed the signing of the partnership agreement stated that the government welcomes these credible private sector investments, which confirm that Zambia’s energy sector is on the right trajectory and evidence the government’s solid multi-source strategy for the sector where public and private sector participation thrives and competes to bring solutions and grow the sector.
“This partnership will result in 500MW of new solar capacity added to the grid in 18 months. In 24 months, the full complement of 300MW of coal and the entire 1,000MW of clean solar will have been installed, effectively moving Zambia into a surplus power generation status,” he said.
Amsons Group operates in Tanzania, Kenya, Mozambique, the Democratic Republic of Congo and Zambia.
Its assets include petroleum storage facilities in Dar es Salaam and a regional logistics fleet.
