Published on : Jun 26, 2017
Germany planning to help Zambia accelerate the development of renewable energy through a €31 mn fund. News has it that Germany has allocated the funds to its development bank KfW. The funds will be directed towards the implementation of Zambia’s REFiT Strategy, a way to assist Zambia adopt more ways of diversifying the power sector.
The funding will go to the GET FiT Zambia programme, a project that will help Zambia attain integration of renewable energy with grid for some renewable energy projects, tariff support, and other technical support and maintenance related to the field of renewable energy.
The GET FiT Zambia initiative has been supported by agencies such as Zesco Limited, African Trade Insurance Agency, Energy Regulation Board, and KfW. Will Pearson, the coordinator of the GET FiT Zambia programme, has said that the development will help bring about 200 MW of renewable energy to the country’s store over the span of the next five to seven years. The programme, however, still awaits government approval.
Once the government approves the programme, KfW is projected to collaborate with other financers to increase the overall funding. It is also expected that the programme will help develop 50 MW of solar power capacity in the country, which will be developed by the private sector in several parts of the country as a part of an initiative similar to the World Bank-supported scaling-up solar project. Supported by the World Bank, Last year, Zambia’s president Edgar Lungu commissioned construction work for the US$1.2 bn solar power project in Lusaka.