Amsons Unveils 1GW Zambia Deal

Key Figures & Findings: Amsons Group, a Pan-African conglomerate, has signed a million-dollar agreement to develop a 1 GW solar power plant in Zambia through its subsidiary Africa Power Generation, marking one of the largest single renewable-energy investments in the country. The project was formalised in Lusaka in the presence of President Hakainde Hichilema, who positioned it as a cornerstone of Zambia’s push to diversify away from hydropower and resolve persistent load shedding.

 Statistics & Insights:

• Investment Value: US$600 million.

• Capacity: 1 GW (1,000 MW) solar power plant.

• Significance: The project is described as one of the largest single Foreign Direct Investments (FDI) in Zambia’s and Sub-Saharan Africa’s power sector.

Future Implications: If delivered on schedule, the project could significantly reduce Zambia’s reliance on drought-vulnerable hydropower, stabilize electricity supply, attract private investment, and solidify Amsons Group as a rising pan-African energy player.

Source: Capital FM

Quick Take: Amsons powers Zambia’s massive 1GW leap ⚡🇿🇲🌞