Fresh details on the recently launched Chisamba phase 2 100MW Solar project have revealed that ZESCO, Zambia’s national electricity utility contracted about 70% for the construction of the Chisamba Phase 2 Solar Project. According to sources familiar to the case, the utility contracted 70% of the project’s K75 million cost as debt financing from ABSA Bank while ZESCO state owned utility contributed 30% as equity. Speaking in an interview with the Zambian Business Times – ZBT, the Sources whose names have been withheld, revealed that, the 70-30 debt-to-equity structure has now become a common model for ZESCO as even the...
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