Zambia will complete the 50 mw world bank solar project

According to Reuters, Zambia will complete its first large 50-megawatt solar power plant in September.

The country is experiencing a power shortage. This has forced Africa's second-largest copper producer to supply electricity to the largest consumer coal mines.

A spokesman for the state-owned industrial development company said Lusaka's $60 million project was financed through a combination of equity and debt. The project is currently under way with Neoen/First Solar.

, "said IDC spokesman Namakau Mukelabai IFC and OPIC is offering debt and shareholder Neoen/First Solar and IDC provides equity, refers to the finance department of the world bank and a help us government agencies in the United States enterprise investment in emerging markets."

The world bank plan aims to help the government provide cheap and clean energy by helping the government to carry out competitive auctions and reduce investment risk. These include the full range of world bank products and services, including the financing and consultation of ifc and the guarantee of the group's multilateral investment guarantee agency.

Mukelabai also said that the second 50-megawatt solar Power project, signed with Enel Green Power, is expected to close in the second quarter of 2018.

The two bidders respectively set their duties at 6.02 cents per kilowatt hour (kWh) and 7.84 cents per kilowatt-hour, and the proposed tariff would maintain a fixed relationship for 25 years.

Mukelabai added that the second round of large-scale solar projects will reach 300 megawatts and will be distributed in the provinces of copper, central, eastern and Lusaka.

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