ZESCO and Ultra Green Corporation Form Power Purchase Agreement
For the construction of a 50 Megawatt Solar PV facility in Serenje District, ZESCO and Ultra Green Company Zambia Limited have signed a power purchase agreement.
RAVI PALANIAPPN, Chief Executive Officer of Ultra Green Company Zambia, stated during the signing ceremony in Lusaka today that Phase One of the 50 megawatt Plant will power at least 50,000 households or industrial developments.
The project will start, according to Dr. PALANIAPPN, in July 2024.
Also, the project’s strategic location, according to ZESCO Acting Managing Director Justin Longo, allows Zambia simple access to nearby markets.
The projects, according to Energy Minister PETER KAPALA, would boost generation capacity and encourage sustainable economic growth.
Addressing at the same event, ZESCO Board Chairperson VICKSON NCUBE stated that the company completely supports the government’s goal of industrialization.