China’s CiEG Signs 2.4 Giga-Watts Power-Purchase Agreement With Zambia’s Zesco Amidst Debt Crisis

The Integrated Clean Energy Power Company Ltd (CiEG) of China signed a Power-Purchase Agreement (PPA) on Monday with the Zambia Electricity Supply Corporation (Zesco) for the generation of 2,400 Megawatts (MW) of renewable energy.

In a statement from Peter Chibwe Kapala, Zambia’s minister of energy, the investment costing $3.5 billion will be implemented in four provinces over three years. Zesco Managing Director Victor Mapani and CiEG’s Executive Director, Yong Chi, witnessed the signing ceremony which took place at the Zesco Head Office in Lusaka.

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source https://chinaglobalsouth.com/2023/04/05/chinas-cieg-signs-2-4-giga-watts-power-purchase-agreement-with-zambias-zesco-amidst-debt-crisis/

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