{"id":22142,"date":"2022-05-05T19:19:39","date_gmt":"2022-05-05T19:19:39","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market"},"modified":"2022-05-05T19:34:08","modified_gmt":"2022-05-05T19:34:08","slug":"zesco-welcomes-private-sector-in-electricity-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market","title":{"rendered":"ZESCO welcomes private sector in electricity market"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Minister of Energy, Peter Kapala has noted that the entry of the private sector into the Zambian Electricity market will support the country\u2019s development of a greener and diversified energy mix that supports jobs and investments.<\/p>\n

Engineer Kapala says this is the reason Africa GeenCo\u2019s participation in the country\u2019s energy sector is a milestone that signifies government\u2019s efforts to create a conducive environment aimed at attracting private investment in an open, transparent and competitive electricity market.<\/p>\n

Mr Kapala was speaking in Lusaka today, at the launch of Africa GreenCo, an alternative off-taker for renewable energy in Zambia and the region. Mr Kapala said following the enactment of the 2019 energy sector legal framework, Africa GreenCo has been the first renewable energy buyer and trader in Zambia which seeks to enhance project bankability and reduce the risk for independent power producers.<\/p>\n

He said the hope of the government is to ensure the private sector like GreenCo contribute towards making projects in the energy sector more bankable, whilst encouraging the growth of the electricity markets to foster economic development.<\/p>\n

\u201cI\u2019m reliably informed that GreenCo\u2019s support has been made possible through the generous support from various support including the Denmark Investment Development Fund for Developing Countries (IFU), Infranco Africa and electricity, through which US$15.5 Million was raised for this project,\u201d he said.<\/p>\n

ZESCO Managing Director, Victor Mapani said government has a drive to end load shedding and increase the production of copper to 2 Million tons which will require a lot of energy. Engineer Mapani stated that to achieve these dreams actors like Africa GreenCo will play an important role in the energy sector.<\/p>\n

And Africa GreenCo Founder and Chief Executive Officer Ana Hajduka said her organisation aims to increase private sector investment in energy generation in Sub-Saharan Africa by mitigating the credit risks associated with the current lack of creditworthy offtakers.<\/p>\n

Ms Hajduka said GreenCo\u2019s model involves purchasing power from renewable independent power producers (IPPs) and selling that electricity to utilities, private sector offtakers.<\/p>\n

\u201cReaching this financial close will enable us to support a portfolio of up to 110MW of renewable energy, we are extremely grateful to our investors and partners from the Zambian government, ZESCO, the SAPP team and existing ASPP partners,\u201d she said.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Minister of Energy, Peter Kapala has noted that the entry of the private sector into the Zambian Electricity market will support the country\u2019s development of a greener and diversified energy mix that supports jobs and investments. Engineer Kapala says this is the reason Africa GeenCo\u2019s participation in the country\u2019s energy sector is […]<\/p>\n","protected":false},"author":84,"featured_media":22141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[234,235,233],"class_list":["post-22142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZESCO welcomes private sector in electricity market - Zambia<\/title>\n<meta name=\"description\" content=\"Minister of Energy, Peter Kapala has noted that the entry of the private sector into the Zambian Electricity market will ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZESCO welcomes private sector in electricity market\" \/>\n<meta property=\"og:description\" content=\"Minister of Energy, Peter Kapala has noted that the entry of the private sector into the Zambian Electricity market will ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-05T19:19:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-05T19:34:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/05\/img-6274268c33f31.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"530\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ZESCO welcomes private sector in electricity market\",\"datePublished\":\"2022-05-05T19:19:39+00:00\",\"dateModified\":\"2022-05-05T19:34:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market\"},\"wordCount\":397,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/05\/img-6274268c33f31.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-welcomes-private-sector-in-electricity-market\",\"name\":\"ZESCO welcomes private sector in electricity market - 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