According to Zesco director of transmission development, Christopher Mubemba, the state owned company plans to invest some US$5.3 billion in generation and transmission projects. The key is whether Zambia is successful in sourcing finance for these projects.
The projects include the US$2 billion Kafue Gorge Lower, the US$420 million Kariba North Bank, and the US$120 million Tezhi hydroelectric facilities. Zambia’s peak electricity demand is estimated at about 1,650 MW, and is projected to increase at about 3% to 4% a year.
There has been no mention of the proposed damming of the Batoka Gorge. This hydro-electric facility will be located 50 kilometres downstream of the Victoria Falls near the Moemba Falls, a natural constriction point in the river. Being able to double its generation capacity without the Batoka hydropower plant is great.
|Fast facts about Zambia’s electricity generation plans:|
|Generation capacity in 5 to 6 years||1 400 MW (current) to 2 800MW (5-6 years)|
|Investment into the projects||US$5.3 billion|
|Projects include||Kafue Gorge Lower, Kariba North Bank, Tezhi hydroelectric facilities|
Zesco plans to spend the rest of 2013 seeking funding for the Kafue Gorge Lower project.
Date: 28 June 2013