{"id":56025,"date":"2024-01-15T21:07:11","date_gmt":"2024-01-15T21:07:11","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=56025"},"modified":"2024-01-15T06:58:54","modified_gmt":"2024-01-15T06:58:54","slug":"cec-raises-200m-for-mega-solar-project","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project","title":{"rendered":"CEC raises $200m for mega solar project"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>THE Copperbelt Energy Corporation (CEC) has raised US$200 million from the Green Bond for the development of solar energy generation investments of about 200 Mega Watts.<\/p>\n

CEC announced the registration of its green bond on the sidelines of the 28th Conference of Parties (COP) of the UN Convention Framework on Climate Change (UNFCCC) from<\/p>\n

28 summit December 5 last year in Dubai. As of December 28 last year, the first US$54 million allotment was fully subscribed.<\/p>\n

\u201cThis is the level of confidence that we need to create for our capital markets. Suffice to say that, CEC has paved the way for many other institutions to raise green finance for their businesses and contribute to the growth of the market and the sector at large,\u201d minister of Finance Situmbeko Musokotwane said in Lusaka on Friday.<\/p>\n

During the occasion to mark the listing of Zambia\u2019s first green bond on the Lusaka Securities Exchange in Lusaka yesterday, Dr Musokotwane congratulated CEC for delivering on the registration of the first green bond for Zambia, and for Zambia\u2019s capital markets.<\/p>\n

He said capital markets were essential for economic development as was the case in many other countries, and have a huge potential to make a significant contribution to Zambia\u2019s economic development.<\/p>\n

\u201cThe reforms that have been developed through the capital market master plan, the green bond and the green loan guidelines, exist for businesses and financial institutions alike, to take advantage of the benefits they offer,\u201d Dr Musokotwane said.<\/p>\n

He said the green bond initiative is climate smart and will not only significantly contribute to meeting the increased energy demand arising from the anticipated expansion of the economy, but also enhance climate resilience and adaptation to climate change in the country. Dr Musokotwane said government developed the capital market master plan which was launched in February 2023.<\/p>\n

\u201cThis came as a realisation of the significant role that the capital markets can play. For instance, in raising the much required finance to develop and advance the country\u2019s macroeconomic outlook in the medium and long term. Development in the energy sector, especially in power generation and transmission, will be critical in order to anchor the growth of sectors such as mining, agriculture, tourism and others,\u201d he said<\/p>\n

\u201cI therefore wish to take this opportunity to call upon many other companies and investors to emulate this example and take full advantage of our business-friendly capital market rules to raise investment funds,\u201d he 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. THE Copperbelt Energy Corporation (CEC) has raised US$200 million from the Green Bond for the development of solar energy generation investments of about 200 Mega Watts. CEC announced the registration of its green bond on the sidelines of the 28th Conference of Parties (COP) of the UN Convention Framework on Climate Change […]<\/p>\n","protected":false},"author":84,"featured_media":56023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-56025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nCEC raises $200m for mega solar project - Zambia<\/title>\n<meta name=\"description\" content=\"THE Copperbelt Energy Corporation (CEC) has raised US$200 million from the Green Bond for the development of solar energ ...\" \/>\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\/cec-raises-200m-for-mega-solar-project\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEC raises $200m for mega solar project\" \/>\n<meta property=\"og:description\" content=\"THE Copperbelt Energy Corporation (CEC) has raised US$200 million from the Green Bond for the development of solar energ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project\" \/>\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=\"2024-01-15T21:07:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1705289162.724416.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\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\/cec-raises-200m-for-mega-solar-project#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CEC raises $200m for mega solar project\",\"datePublished\":\"2024-01-15T21:07:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project\"},\"wordCount\":423,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/01\/sm_1705289162.724416.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-raises-200m-for-mega-solar-project\",\"name\":\"CEC raises $200m for mega solar project - 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