Lunzua Power Company Limited (“Lunzua”) has signed a shareholders’ agreement to acquire a 27 per cent shareholding in Western Power Company Limited (“Western Power”), in a calculated transaction to complete the development of the 180MW Ngonye Falls Hydroelectric Power Project. The investment marks a significant step in Lunzua’s strategy to expand its portfolio of clean, dispatchable power generation across Zambia and the Southern African market, and positions Lunzua as a longterm partner in Zambia’s energy transition. Under the terms of the transaction, Lunzua will fund the development costs of the Ngonye Falls project in order to hold 27% of Western...
This content is only available for active subscribers. Subscribe now to get full access.
