Financial closure reached for Chisamba solar project

By JAMES KUNDA – ZAMBIA has reached financial closure for the US$100 million, 100 megawatts (MW) Chisamba solar plant project in Central Province which is set to be commissioned at the end of this month.The project is being developed by Kariba North Bank Extension Power Corporation (KNBEPC), a Zesco subsidiary whose chief executive officer Boyd […]

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May 15, 2025 - 16:01
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Financial closure reached for Chisamba solar project
• STANBIC Bank Zambia Country Head of Credit Ngoza Nyirenda (left) with Stanbic Bank Zambia Head Corporate and Investment Banking Helen Lubamba (second left), Kariba North Bank Managing Director Boyd Kanchela (second right) and Kariba North Bank Company Secretary Chewe Mhango (right) during the official signing of a financial closure agreement for the Chisamba solar project at Stanbic Bank Zambia headquarters in Lusaka yesterday. Picture by HENRY CHUNZA

By JAMES KUNDA –
ZAMBIA has reached financial closure for the US$100 million, 100 megawatts (MW) Chisamba solar plant project in Central Province which is set to be commissioned at the end of this month.
The project is being developed by Kariba North Bank Extension Power Corporation (KNBEPC), a Zesco subsidiary whose chief executive officer Boyd Kanchela said it would be the largest in the country’s history and in Sub-Saharan Africa outside South Africa.

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