The World Bank’s International Finance Corporation (IFC) is exploring the development of 100MW of solar in Zambia.
The two 50MW projects could be developed under the IFC’s Scaling Solar programme. They would be the first utility-scale PV projects in the country.
Low rainfall has left hydropower reservoirs in the country low creating a power deficit of 560MW.
Zambian President Edgar Chagwa Lungu has ordered the country's Industrial Development Corporation (IDC) to develop 600MW of solar power.
“The Zambian government is resolved to address the current hydro power shortages caused by low rainfall through active promotion and increased use of renewable energy technologies,” said President Lungu, who is also chair of IDC Zambia.
The IFC’s Scaling Solar scheme aims to help governments deploy solar within two years.
“IFC is developing this partnership with IDC Zambia to deliver affordable renewable energy that can mitigate the country’s ongoing energy crisis.” said Oumar Seydi, IFC Director for Eastern and Southern Africa. “The Scaling Solar programme enables us to apply the full range of World Bank Group services to address Zambia’s challenges quickly and sustainably.”
Developers will be pre-qualified for the projects within the next three months.