The Zambia Copperbelt Renewable Energy Project
Project Description
The Zambia Copperbelt Renewable Energy Project is a large-scale solar photovoltaic (PV) and battery storage initiative aimed at providing sustainable, cost-effective electricity to key water utility companies and educational institutions in Zambia’s Copperbelt Province. The project will deploy 46,835 kW of solar PV capacity and 50,861.4 kWh of battery storage, ensuring a stable power supply for water treatment plants and universities, which currently suffer from grid instability and high electricity costs.
With a 20-year Power Purchase Agreement secured at $0.07 per kWh, the project guarantees a steady revenue stream, making it financially viable and attractive for investment.
Project Location:
Copperbelt
Lead Agency/ Project Promoter:
Letsatsi Power
Contact
Email: Rebecca.Jangulo@zda.org.zm
Current Status/ Stage of Project:
Greenfield
Availability of Pre-feasibility Studies, Feasibility Studies, and other Studies:
Feasibility study available upon request
Estimated Cost of the Project:
USD 57.5 million
Investment Required
Investment into Fund Structure
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Country
Zambia
Location (s)
Copperbelt Province
Sector
Infrastructure: Transport, Energy, ICT, Mining and Water
Sub Sector
Renewable Energy
Investment Value Range
50-75 million USD
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