GERMANY FIRM INJECTS US$100M IN SOLAR POWER PROJECTS

7-YRDS Group, a Germany company is investing US$100 million to set up two solar projects in Kafue and Sesheke with a total expected output of 100MW.

Mr Philip Janssen - Founder and Chief Executive Officer disclosed this when he led a delegation on a courtesy call to the Zambia Development Agency (ZDA).

The purpose of the courtesy call was to brief ZDA on the progress made with regard to the project implementation and to seek guidance on how to activate investment incentives and other non-fiscal incentives facilitated by the Agency.

Mr Janssen said the two projects would be 50 MWs each and would be commissioned in the first quarter of 2025. He said the project was creating about 1000 jobs from construction to operationalisation of the plants.

Mr Janssen said the feasibility studies had already been concluded, while the environmental impact assessment is currently underway.

Meanwhile, Managing Director and consultant -Africa GreenTec Zambia Bibusa

Wissemann said the energy project was one of the fruits of the visit by German President Frank-Walter Steinmeier to Zambia last year in November.

And ZDA Director General, Albert Halwampa said the demand for energy in Zambia keeps increasing owing to growth in the mining sector and agriculture activities through irrigation and value addition.

Mr. Halwampa assured the delegation that all the power that would be generated by their company would be utilised either locally or internationally.

He noted that Zambia was poised to be a net exporter of energy in the sub region supplying through the Southern Africa Power Pool and other avenues.