Clean and green

Zambia to develop $2bn solar projects with UAE as country faces rolling blackouts

By Jaysim Hanspal

Posted on January 18, 2023 15:18

 © Signing of MOU between Zambia and UAE to invest in the energy sector on 17 January 2023 (photo: @HHichilema)
Signing of MOU between Zambia and UAE to invest in the energy sector on 17 January 2023 (photo: @HHichilema)

On Tuesday, Zambia’s state-owned power company Zesco signed an agreement with the United Arab Emirates’ renewable energy company Masdar to develop solar projects worth $2bn.

The two countries signed a Joint Development Agreement marking a significant move towards sustainable energy for Zambia.

The venture will create a joint project to facilitate investment in Zambia’s renewable energy, President Hakainde Hichilema announced in a statement.