Investors urged to explore Zambia’s thermal power generation

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power
power

A senior Zambian government official said the country has more than 780 million tons of coal awaiting would-be investors in thermal power generation to utilize it, the Times of Zambia reported on Thursday.

power Minister of Commerce, Trade and Industry Margaret Mwanakatwe has since called on the private sector to invest in thermal energy to generate power to supplement the current hydropower generation.

“Government appreciates the role that the private sector plays in the economic growth of the country. We are therefore, calling on them to start investing in thermal energy in the generation of power. The country currently has over 780 million tons of coal awaiting would-be investors in the generation of power using thermal energy,” she was quoted as saying by the paper.

Investment in thermal energy would help manufacturing industries continue with production of goods and services during power cuts, she added.

Currently, the only major investor in thermal energy in Zambia is Singapore’s Nava Bharat Pte Limited which is constructing a 300 megawatts thermal power plant in southern Zambia’s Sinazongwe district at a cost of about 420 million U.S. dollars.

Nigeria’s Dangote Group of Companies, which has opened a cement plant in Zambia, has also constructed a 30-megawatts coal-powered plant for the cement plant. Enditem

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