{"id":43077,"date":"2023-03-26T22:42:09","date_gmt":"2023-03-26T22:42:09","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=43077"},"modified":"2023-03-26T09:29:30","modified_gmt":"2023-03-26T09:29:30","slug":"zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement","title":{"rendered":"ZESCO, Ultra Green Corporation-Zambia ink power purchase agreement"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>The government and the United States of America company have signed a power purchase agreement to develop 50 megawatts (MW) of solar energy for the next 25 years.<\/p>\n

Minister of Energy, Peter Kapala, said the power purchase agreement demonstrates the actualisation of government\u2019s plan to increase the country\u2019s power generation capacity through viable public private partnerships (PPP). Mr Kapala noted that investing in renewable energy will not only increase generation capacity but also promote sustainable economic development.<\/p>\n

He said during the signing ceremony between Zesco Limited and Ultra Green Corporation Zambia Limited that the agreement further demonstrates the aspirations of the government to provide climate resilient solutions to energy demands.<\/p>\n

He added that the key milestone will increase power generation and reduce the hydrological risk, which is more prevalent in the southern part of the country where major plants are located.<\/p>\n

Mr Kapala reiterated government\u2019s plans to scale up diversification through Zesco by accelerating the development of alternative green and renewable energy sources, such as the power purchase agreement.<\/p>\n

\u201cI wish to commend Zesco Limited and Ultra Green Corporation Zambia Limited for the commitment demonstrated towards actualising this key project that is a potential game changer in enhancing the power generation mix in Zambia,\u201d Mr Kapala stated.<\/p>\n

The minister anticipates that once the projects are established, there will be an improvement in power security, which will consequently result in more investments and economic growth.<\/p>\n

He attributed the accomplishment to President Hakainde Hichilema\u2019s fruitful engagements undertaken with various cooperating partners, among them the United States of America.<\/p>\n

And Zesco Limited Acting Managing Director, Justin Loongo, revealed that the 50 megawatts solar power plant, which will be located in Serenje district, is timely as it will supplement the nation\u2019s power generating company in the country.<\/p>\n

Mr Loongo said the country\u2019s power demand remains on a constant upward curve which is fueled by the relatively low access rates to electricity. He described the partnership as strategic because it responds to Zesco\u2019s vision of being an effective provider of reliable and environmentally sustainable electricity services to all customers by 2030.<\/p>\n

\u201cAs Zesco Limited, we pledge to remain resolute to ensure that this partnership yields substantial benefits to the Zambian citizenry,\u201d Mr Loongo noted.<\/p>\n

And Ultra Green Corporation Zambia Limited Chief Executive Officer, Ravi Palaniappan, commended the government for showing political will to actualise the agreement which remained stagnant for the past three years.<\/p>\n

Mr Palaniappan disclosed that the project will generate about 800 jobs and is expected to power a minimum of 15,000 households. He said the power purchase agreement will provide sufficient electricity for sustainable operation of industries in Serenje district and Central Province, which are developing fast especially in the area of mining.<\/p>\n

Mr Palaniappan emphasised that surplus power is key to any country\u2019s gross domestic product (GDP), hence the company is happy to be part of the Zambia\u2019s development agenda.<\/p>\n

Meanwhile, Zesco Limited Board Chairperson, Vickson Ncube, said the power utility company is fully aligned to government\u2019s objectives of industrialisation aimed at making Zambia become an industrial centre for the neighbouring countries and Africa as a whole.<\/p>\n

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

Africa-Press – Zambia. The government and the United States of America company have signed a power purchase agreement to develop 50 megawatts (MW) of solar energy for the next 25 years. Minister of Energy, Peter Kapala, said the power purchase agreement demonstrates the actualisation of government\u2019s plan to increase the country\u2019s power generation capacity through […]<\/p>\n","protected":false},"author":84,"featured_media":43075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,248],"tags":[234,235,233],"class_list":["post-43077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZESCO, Ultra Green Corporation-Zambia ink power purchase agreement - Zambia<\/title>\n<meta name=\"description\" content=\"The government and the United States of America company have signed a power purchase agreement to develop 50 megawatts ( ...\" \/>\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-ultra-green-corporation-zambia-ink-power-purchase-agreement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZESCO, Ultra Green Corporation-Zambia ink power purchase agreement\" \/>\n<meta property=\"og:description\" content=\"The government and the United States of America company have signed a power purchase agreement to develop 50 megawatts ( ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement\" \/>\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=\"2023-03-26T22:42:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/03\/postQueueImg_1679806466.71.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\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=\"3 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-ultra-green-corporation-zambia-ink-power-purchase-agreement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ZESCO, Ultra Green Corporation-Zambia ink power purchase agreement\",\"datePublished\":\"2023-03-26T22:42:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement\"},\"wordCount\":540,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/03\/postQueueImg_1679806466.71.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/zesco-ultra-green-corporation-zambia-ink-power-purchase-agreement\",\"name\":\"ZESCO, Ultra Green Corporation-Zambia ink power purchase agreement - 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