Lusaka, Zambia InfraCo Africa, part of the Private Infrastructure Development Group, the Danish Investment Fund for Developing Countries (IFU) and the EU-funded Electrification Financing Initiative (EDFI ElectriFi) have together committed US$15.5m to enable Africa GreenCo to scale its innovative offering as Zambia’s first renewable energy buyer and services provider. GreenCo’s Chief Investment
ZESCO Limited (ZESCO) and Copperbelt Energy Corporation Plc (CEC) have successfully completed negotiations for a new BSA that will be effective 1st April 2022. The new BSA underpins arrangements for power supply and provision of transmission services between the two companies. The new BSA will replace the old BSA that expired on 31 March 2020 […]
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to advise the Shareholders that for the period ending 31st December 2021, the basic earnings per share is expected to be 52% lower than that of the corresponding period last year for both […]
CEC Africa Investments Limited (“CECA” or “the Company”) is a public company in terms of the Securities Act No 41 of 2016 (“the Act”) and its shares are registered and regulated by the Securities and Exchange Commission of Zambia (“SEC” or the “Commission”). CECA shares are traded on the second tier market (referred to as […]
Copperbelt Energy Plc. has expressed delight over Zambia’s Minister of Energy’s revocation of a statutory instrument that had declared parts of its network common carrier, according to a statement issued by the company to Lusaka Securities and Exchange. “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board [&h
LUSAKA – GreenCo Power Services, a Mauritius-based subsidiary of Africa GreenCo Group, has joined the Southern African Power Pool (SAPP). GreenCo joined the SAPP as a Market Participant on October 8th, 2021. GreenCo Group CEO Ana Hajduka thanks the SAPP team and existing SAPP members for their faith and support of innovative new business models […]
On 15th October, 2021 the Minister of Energy, Mr. Kapala, appraised Members of Parliament on ZESCO’s debt position. The minister announced that the national utility’s total debt was standing at $3.5billion. The country’s main electricity supplier has amassed debt due to costly payables due to emergency power supplier and Independent Power Producers, among other reasons. […]
Energy, the backbone of development, serving humanity and driving economic growth. Access to energy is essential for Zambia’s key economic sectors: mining, agriculture, tourism, and trading. The structure of the energy sector in Zambia is comprised of 3 sub-sectors namely; electricity, petroleum and renewable energy. The energy sector in Zambia is overseen by the Ministry […]
Despite the recorded net loss of ZMW 576 million (Kwacha Five Hundred Seventy-six Million) for the half year 2021, CECA performance continued to make steady improvement regarding various issues that have affected its performance in previous years, including: Non-Cost Reflective Tariffs: In 2019, the Nigerian Electricity Commission issued a minor tariff review which enabled Abuja […]
For the half year ended 30 June 2021 the Company recorded a profit after tax of K4.235 million compared to K80.064 million recorded in the previous financial year. Volumes were 4% lower than those achieved for the same period last year. A profit before finance costs, taxation and exchange losses of K79.466 million was achieved […]
Energy
