Zambia is set to complete its first large-scale 50MW solar power generation plant by September this year. This comes as the nation battles a power deficit which threatens industrial output.
The state-owned Industrial Development Corporation (IDC) spokes person Namakau Mukelabai ,said,the US $60m project in Lusaka is being financed through a combination of equity and debt.The IFC and OPIC are providing the debt while the shareholders Neoen/First Solar and IDC have provided the equity ,referring to the the World Bank’s financing arm and a US government agency that helps American businesses invest in emerging markets.
