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Gigawatt Global President and CEO, Josef Abramowitz, disclosed in an interview on the sidelines of the Israeli/Zambia Business Forum 2023 held in Jerusalem that his company is set to pump in US $ 100 million in a hybrid solar photovoltaic (PV) and wind power project in Zambia.
Gigawatt Global President and CEO, Josef Abramowitz, disclosed in an interview on the sidelines of the Israeli-Zambia Business Forum 2023 held in Jerusalem that his company is set to pump in US $ 100 million in a hybrid solar photovoltaic (PV) and wind power project in Zambia.
Abramowitz said his company is a multinational renewable energy platform that develops, finances, builds, and operates utility-scale PV solar projects in emerging markets.
With their experience as pioneers of the solar industry in Israel, the company’s founders built the first grid-connected solar project in East Africa, an 8.5 MW solar PV plant in Rwanda. Gigawatt Global reached financial close on their 8.67MW solar PV project in Burundi in January 2020, with construction now underway.
Abramowitz said he is happy that the business environment in Zambia has tremendously changed following the change of Government. His company has since obtained the Investment License with Zambia Development Agency (ZDA), the project has already signed an Implementation Agreement with the Ministry of Energy and a number of Grid Impact studies in Topographical have already started. He added that the company will be moving on-site to start full project implementation.
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President Hakainde Hichilema called on Israeli investors while on his state visit to consider investing in Zambia, and said Zambia has a conducive business environment to support and promote foreign investment. While in Israel, President Hichilema attended a meeting on creating an ecosystem for innovation – the Israeli Model. The President engaged in crucial talks with President Herzog and Mr. Benjamin Netanyahu, Prime Minister of the State of Israel, as well as other high-ranking officials.
The discussions delved into critical bilateral and regional issues, prioritising peace, security, and peace-building initiatives. Before his departure, President Hichilema officially opened the Zambia–Israel Business Forum under the theme “Agro-Business Opportunities to Guarantee Food Security.
