Enel starts construction of its first power plant in Zambia
Enel Group’s global renewable energy division Enel Green Power (EGP) has started construction on the 34 MW Ngonye solar photovoltaic (PV) plant, which is the group’s first power plant in Zambia.
The PV facility, which is located in Lusaka South Multi-Facility Economic Zone in the country’s south, is part of World Bank Group’s Scaling Solar programme carried out by Zambia’s Industrial Development Corporation (IDC), which, in June 2016, awarded EGP the right to develop, finance, construct, own and operate the plant.
“The start of construction of Ngonye solar plant is a new milestone in the strengthening of Enel Group’s presence in the African continent, where we already are the first private renewable operator in terms of installed capacity,” said EGP head Antonio Cammisecra.
Enel Group will invest around $40-million on the construction of Ngonye, which is expected to be completed in the first quarter of 2019.
In June, Enel Group signed a financing agreement for around $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.
The Ngonye plant, which will be owned by a special purpose vehicle 80% held by EGP and 20% by the Zambia IDC, is supported by a 25-year power purchase agreement signed with Zambia’s State-owned utility Zesco.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation