Itezhi Tezhi 120MW hydroelectric power plant PPP

7/3/2016
PPP, Project development

£ 142 million

Completed

7/3/2016


Overview:

  • Itezhi Tezhi 120MW hydroelectric power plant.
  • Itezhi Tezhi Power Corporation, a joint venture between ZESCO and Tata, is constructing a new hydroelectric power plant on the Kafue river.
  • The project consists of two 60MW turbines.
  • The original dam at the site built in 1977 has a height of 62m creating a reservoir of 390 square km.
  • In the mid 2000s the government took the decision to build a power plant at the site to tackle the country's energy crisis.
  • The African Development Bank (AfDB), the Dutch Development Bank FMO, the Development Bank of Southern Africa (DBSA) and Propaco of France provided $142 million in financing for the project.
  • Legacy firm Chadbourne & Parke (Ben Donovan, Marian Baldwin Fuerst, Ursula Owczarkowski) advised Itezhi Tezhi Power Corporation.

Sam Duke - Editor

Jurisdiction:

Zambia

Deal types:

PPP
Project development

Practice area:

Project development

Industry sector:

Energy