Name of the Project
Ngonye solar plant.

Location
The project is located in the Lusaka South Multi-Facility Economic Zone, in the south of Zambia.

Client
The project will be owned by a special purpose vehicle 80% held by Enel subsidiaty (Enel Green Power (EGP) and 20% by the Zambia Industrial Development Corporation,

Project Description
The project forms part of the Scaling Solar programme, a World Bank Group solution assisting governments in quickly procuring and developing large-scale solar projects using private financing.

The facility is expected to produce about 70 GWh/y, helping Zambia reduce power shortages and diversifying the country’s energy generation mix.

The Ngonye plant is supported by a 25-year power purchase agreement signed with Zambia’s State-owned utility Zesco.

Potential Job Creation
Not stated.

Value
Enel will invest about $40-million in the construction of the facility.

Duration
Not stated.

Latest Developments
EGP has started construction on the Ngonye solar photovoltaic (PV) plant, which is the group’s first power plant in Zambia.

In June, Enel Group signed a financing agreement of about $34-million with the Zambia IDC for the construction of the PV plant. The funding includes senior loans of up to $10-million from the International Finance Corporation, a member of World Bank Group; up to $12-million from the IFC-Canada Climate Change Program; and up to $11.75-million from the European Investment Bank.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Enel, tel +39 06 8305 5699, fax +39 06 8305 3771 or email ufficiostampa@enel.com.