19.2 C
Monday, July 22, 2024
HomeNewsGovernment changes stance in feasibility studies for power projects

Government changes stance in feasibility studies for power projects

Energy Minister Peter Kapala says Government will now undertake feasibility studies on power investment projects after signing a power purchase agreements.

Mr Kapala says this is in a bid to speed up investment in the energy sector and in turn transform Zambia into a regional power generation and export hub.

Mr. Kapala says feasibility studies will only be conducted after power purchase agreements are done as most investors already undertake desk studies before deciding to invest in a project.

The Minister was speaking in Addis Ababa, Ethiopia, during the High Level -Power Dialogue on Private Sector Investment in Electricity and Infrastructure development in Africa.

Mr. Kapala says Government is committed to attracting more investment in the Energy sector.

He says Zambia remains an attractive investment destination because of a liberal foreign exchange policy and a stable and peaceful political and economic environment.

This is according to a statement issued by First Secretary Press and Tourism at the Zambian Embassy in Ethiopia Inutu Mwanza.


Most Popular