Zambia adds 100 MW of solar power to national grid
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Indian company Nava Limited completed a 100 MW solar project in Zambia’s Sinazongwe district, connecting the new power source to the country’s national grid.
Nava’s Zambian subsidiary, Maamba Solar Energy Limited, built the plant with a 65% stake held by Nava and 35% by ZCCM Investments Holding, a Zambian company. The project cost approximately $90 million, funded through a combination of debt and equity from both parent companies.
Maamba Solar Energy Limited will sell the electricity generated by the plant to ZESCO, Zambia’s national power utility, under a 20-year power purchase agreement at a tariff of $0.078 per kilowatt-hour. Nava views this project as a step toward expanding its business into renewable energy. Zambia has been rapidly increasing its solar capacity, recently bringing a 136 MW plant online in May and doubling the capacity of another to 200 MW in July.
As of recent reports, the country’s total operational solar capacity reaches 841 MW, with an additional 539 MW in commercial and industrial projects.
