ERB Commends Copperbelt Energy Corporation for Advancing Solar Energy Projects
The Energy Regulation Board (ERB) has praised the Copperbelt Energy Corporation (CEC) for its initiatives in expanding solar energy infrastructure, which is poised to significantly boost power supply in Zambia.
Ezra Siamasuma, Acting Copperbelt Senior Manager for ERB, commended CEC’s plans during a media tour of the 60-megawatt solar PV plant in the Itimpi area of Kitwe district.
Mr. Siamasuma highlighted the efficiency and resilience of solar plants, particularly in the context of climate change.
“This kind of power plant, which is greener, means that we can have a more diverse energy sector resilient in energy generation and the effects of climate change,” he stated.
He emphasized that the 60-megawatt solar plant marks a significant milestone in addressing the country’s current load management challenges.
Since entering the solar energy sector in 2015, CEC has made substantial strides, establishing a 60-megawatt solar plant in Itimpi and a 34-megawatt plant in Riverside, Kitwe.
Lizzie Muwowo, Acting Chief Finance Officer of CEC, revealed that the company plans to develop an even larger solar plant, funded by the USD$200 million raised from a Green bond.
These solar plants not only cater to local energy needs but also provide power to neighboring countries.
Ms. Muwowo expressed appreciation for the ERB’s support throughout the construction of the existing solar plants.
“The ERB has been a supportive regulator, and their availability during the construction phases of our projects has been invaluable,” she remarked.
Source: ZANIS
