ZESCO, Zambia’s state owned power utility, has found itself at the center of controversy after plans to contract about $70 million in debt financing for its 100 megawatt (MW) Chisamba Solar Project have led to questions on the utility financial direction regarding additional debt contraction.ZESCO through its subsidiary Kariba North Bank Extension is reported to have contracted about $70 million in debt from a private Bank to finance the 100-megawatt Chisamba solar power project, the Zambian Business Times (ZBT) has exclusively learned.This project was part of a larger initiative between ZESCO and Power China to deliver 600MW of solar power...
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