Zambia Electricity Company Seeks USD 1bn Investment For Kafue Gorge Power Project

kafue-gorge-power-project-zambia

Zambia Electricity Supply Corporation Limited (Zesco) is looking for USD 1.4 billion from investors for the Kafue Gorge Power Project.

This project is scheduled for June 2015. Total worth of this project is more than USD 2 billion.

Mr. Cypriano Chitundu Managing Director of Zesco indicated that financing for Kafue Gorge Power project will be ensured through a mix of equity and debt.

Capital will be raised under the advice of transaction advisors at Zesco.

Mr. Chitundu also mentioned that 30% of the finance will be equity which will be injected by the Government of Zambia and Zesco, while the rest will be provided by the investment partners in form of debt.

Once completed, this power project will add 750 megawatts to the Zambian national grid.