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There should never be anymore loadsheding, says HH after meeting Energy Investors

Filed under: Breaking News |
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President Hakainde Hichilema (HH) says a consortium of Investors from Energy sector this afternoon met him at State House to make a presentation.

The Head of State revealed this in his Facebook page update this evening seen by Zambian Eye.

He wrote:

Pleased to have received a comprehensive presentation from a consortium of investors in the energy sector, at State House this afternoon.

The investors comprising Mphepo Power, Total Eren, Chariot and First Quantum discussed their intended projects to develop 770 MW of wind and solar that would greatly contribute to Zambia’s grid resilience.

Our government is determined to unlock the energy sector by weighing in on any initiative by Independent Power Producers to compliment existing efforts to increase our current base load. Load shedding should never be an annual event.

While government appreciates the current problems in the power sector, we however view these challenges as opportunities to finding a lasting solution to the energy sector.

We implored the consortium to cast their net wide by also venturing in the hydropower, as that would add to the power capacity and add grid stability in the country.H

akainde Hichilema, President of the Republic of Zambia.

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