Zambia: Energy Board Approves Energy Investment Projects Valued At $370 Million

Zambia’s Energy Regulation Board (ERB) has approved 62 license applications and eight construction permits for petroleum, electricity, and renewable energy projects, valued at approximately $370 million.

This development reflects the ERB’s ongoing commitment to promoting a transparent and supportive regulatory environment that encourages sustainable investments in line with national energy policies.

The steady growth in investments highlights the country’s favorable regulatory framework and the ERB’s efforts to streamline approval processes for investors to participate in the value chains.

To maintain this momentum, the ERB remains focused on strengthening investor confidence through predictable, safe, and efficient regulatory processes that support timely application reviews and project implementation.

These licenses will play a critical role in ensuring energy availability, enhancing operational efficiency, and promoting access to modern energy services and equipment across the country.

According to a statement issued by the ERB, three major construction permits were approved in the electricity and renewable energy sub-sector:

• The Kalumbila-Kolwezi Interconnector Project (KKIP)
• A 100 MWp Solar Photovoltaic (PV) Power Plant to be developed by Sun Share Energy Limited in Chief Moono’s area, Mumbwa District, worth $75 million
• An 8 MWp off-grid Solar PV Power Plant integrated with 20 MWh battery storage to be developed by Sany International (Zambia) Industrial Company Ltd at Ruida Mine, in Kasempa District of North-Western Province, with an investment of $8 million

In addition, 114 road tank vehicles were licensed to enhance petroleum product transportation, and four newly built service stations were authorized to commence operations.

These initiatives are key to improving energy access, safety, and service delivery across the country.

The ERB is dedicated to effective regulation of the energy sector, with a strong focus on addressing stakeholder needs and promoting a sustainable, reliable, and inclusive energy mix.

Source:https://energynewsafrica.com