Lunzua and Valinor Break Ground on US$8 Million Solar Plant in Zambia’s Western Province
Lunzua Power Company Limited and Valinor Investments Limited have broken ground on a 10 MW solar photovoltaic plant in Mwandi District, Western Province, Zambia. The joint venture is valued at an estimated US$8 million and will be financed on a 30:70 equity-to-debt basis, with SANY International (Zambia) Industrial Company Limited as contractor. The plant is expected to generate approximately 22 GWh per year and create around 100 construction jobs over a six-month period.
Why it matters: The project adds renewable generation capacity to Zambia's national grid, which relates to the theme of energy transition and energy security.