(3 minutes read)
Zambia requires huge investments in setting up plants to ensure adequate electricity. A Government Green Paper on the findings and recommendations of the 2021 Cost of Service Study (CoSS), says that the investment is broken down as; US$ 9.4 billion for generation, US$ 2.7 billion for transmission, and US$ 1.9 billion for distribution.
The report reveals that the Government has accepted the recommendation that additional investment, at as low a cost as possible increase electricity generation, transmission, and distribution.
The Integrated Resource Plan (IRP) for 2022 -2052 for the electricity sector says that to meet the projected demand of about 8,000MW by 2030, the country requires approximately US$10.78 billion of investments in generation, transmission, and distribution. The report also revealed that the Government will promote investments in electrification initiatives, including off-grid systems at an estimated cost of US$ 2.93 billion to achieve universal access.
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The Zambian Government will endeavour to create an enabling environment to attract investment from the private sector and cooperating partners, including climate finance, in the expansion of generation, transmission, and distribution infrastructure.
