https://www.miningweekly.com

Copperbelt Energy of Zambia eyes $250m power investment

20th June 2018

By: Bloomberg

  

Font size: - +

PORT LOUIS – Copperbelt Energy Corp, the Zambian electricity supplier with customers including Glencore’s copper mines, may invest as much as $250-million in solar projects and transmission lines in the neighbouring Democratic Republic of Congo (DRC), CEO Owen Silavwe has said.

The amount includes two solar plants to generate 30 MW and 50 MW respectively, and the company is still determining their feasibility, he said on Tuesday in an interview on the sidelines of a conference in Le Morne, near the Mauritian capital of Port Louis. He estimates the total cost at between $80-million and $100-million.

“We’re beginning to look at infrastructure in the DRC,” Silavwe said, adding that Copperbelt Energy may support the Congolese State-owned power utility to develop new transmission lines to improve supplies to copper and cobalt mines there. “We are hopeful that in the next two years we will get to a stage where we implement some of these projects.”

CEC, as the company is also known, buys power from Zambia’s State-owned electricity producer and supplies it to mines in Africa’s second-biggest copper producer. The UK’s CDC Group in January offered $380-million to buy Copperbelt Energy but the conditions to the buyout are yet to be fulfilled.

Edited by Bloomberg

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.116 0.152s - 112pq - 2rq
Subscribe Now