Lusaka South 100MW solar photovoltaic power plant

15/7/2015
Project development, Project finance

Announced

15/7/2015


Overview:

  • Lusaka South 100MW solar photovoltaic power plant
  • The IFC has signed an MoU (memorandum of understanding) with the International Development Corporation Zambia (IDC), to develop two 50MW photovoltaic plants.
  • The project is part of the World Bank's Scaling Solar initiative to create viable markets for solar power.
  • Neoen First Solar and Enel Green Power are the project developers.
  • IDC is the parent company of ZESCO, the state-owned electricity company.
  • In July 2015 President Edgar Chagwa Lungu directed IDC Zambia to develop at least 600MW of solar power.

Rani Mehta - Journalist 

Jurisdiction:

Zambia

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: International Finance Corporation (IFC) (Lender)


Party: International Finance Corporation (IFC) (Lender)