A monumental shift is underway in Zambia’s energy future. A US$600 million investment is poised to unlock a new era of power, driven by the sun and a commitment to lasting change.
The investment, spearheaded by Amsons Group through its Africa Power Generation consortium, will deliver a massive 1 Gigawatt (GW) solar power plant. This isn’t just about megawatts; it’s about securing a nation’s stability and charting a course toward economic independence.
The landmark agreement was formalized in Lusaka, with Zambia’s President witnessing the signing. This signifies more than a business deal – it’s a powerful endorsement of private sector investment as a catalyst for national growth and climate resilience.
Amsons Group, traditionally known for its strength in manufacturing and logistics, is boldly expanding its reach. This strategic move into utility-scale power generation signals a broader ambition to transform energy landscapes across strategic African markets, including Kenya.
This investment arrives at a critical juncture for Zambia. Prolonged droughts, intensified by climate change, have crippled hydroelectric power – the nation’s primary energy source – leading to widespread power shortages and hindering economic progress.
President Hichilema hailed the project as a “game-changer,” directly addressing the nation’s energy crisis with a reliable, clean, and sustainable solution. He envisions an end to crippling power outages and a solid foundation for unprecedented economic expansion.
The scale of the project is ambitious, aiming to add 1,000 megawatts of new solar power to the grid. This aligns with a larger vision – a national goal of 10 GW of new power capacity by 2030, and participation in the regional Mission-300 initiative to power 300 million Africans.
Amsons Group’s Managing Director emphasized a long-term partnership with Zambia, rooted in a shared commitment to sustainable development. This isn’t simply about generating electricity; it’s about creating jobs, building local expertise, and fostering a resilient energy system for generations to come.
The 1 GW solar plant represents one of the largest single foreign direct investments in Zambia’s power sector. It’s a decisive step away from over-reliance on hydropower, offering a vital buffer against the unpredictable impacts of climate change.
Africa Power Generation is poised to leverage Zambia’s streamlined regulatory framework for renewable energy projects. This enhanced clarity and predictability will accelerate the project’s development and ensure its swift implementation.
The company is committed to close collaboration with the Zambian government and ZESCO, ensuring a seamless transition into the implementation phase and solidifying the project’s lasting contribution to Zambia’s energy future.
