NCZ BEATS TIMELINES TO COMMENCE FERTLIZER DISTRUTION FOR 2023/24 SEASON
In record adherence to timelines, Nitrogen Chemicals of Zambia (NCZ) has commenced the distribution of the 43,292.7 metric tonnes of fertilizer, which the company was contracted to supply under the Comprehensive Agriculture Support Programme (CASP) for the 2023/24 crop season. Agriculture minister Hon. Reuben Mtolo Phiri flagged off the fertilizer distribution exercise at a ceremony in […]
RENEWABLE ENERGY A GAME CHANGER FOR ZAMBIA
Having grappled with severe power crises over the last decade, Zambia is now beginning to make giant strides in attracting investments in renewable energies to scale down the country’s dependence on hydro-generated energy. Zambia’s energy challenges have been compounded by the fact that around 97% of electricity has historically been hydro generated. But with poor […]
Indeni declares K31 million dividend to IDC
INDENI Petroleum Refinery Company has declared K31million dividend to its shareholder the Industrial Development Corporation (IDC). This is the fifth dividend payment Indeni has made since 2015 following implementation of strategic reforms guided by the IDC that has resulted in the Refinery to becoming the overall best performing enterprise within the IDC Group. Receiving the […]
Scaling Solar
We did it! “Diversifying Zambia’s Energy Mix” FACT: First Scaling Solar project (a World Bank Group program) to be commissioned in Africa. 54 MW – first large – scale solar power plant in Zambia to be commissioned. lowest tariff in Sub Saharan Africa at 6 cents per kilowatt hour 30, 000 households to be “powered” 453, […]
President Lungu urges IDC to accelerate solar power projects
President Edgar Lungu has directed the Industrial Development Corporation (IDC) to accelerate all other solar projects which are in the pipeline. Speaking on Monday when he officially commissioned the 54 megawatts solar photovoltaic plant for the Bangweulu Power Company Limited in the Lusaka South Multi Facility Economic Zone, President Lungu said he was looking forward […]
First ‘Scaling Solar’ Auctions in Zambia Yield Record Low Tariffs amid Electricity Shortages
The 6.02¢/kWh tariff makes the projects the lowest-cost solar power in sub-Saharan Africa to date Lusaka – Zambia’s Industrial Development Corporation (IDC) opened bids on May 27 from seven leading renewable energy developers seeking to build large-scale solar power plants in the southern African country where power shortages are acute. The bid tariffs have ranged from 6.02 […]
Public Disclosure Meeting for the Draft Environmental and Social Impact Statement for the Proposed Solar PV Plants at LS-MFEZ (Round 1 Scaling Solar Project)
The Industrial Development Company Zambia Limited (IDC) is an investments holding company wholly owned by the Government of Zambia. The IDC is mandated to play a catalytic role in deepening and supporting Zambia’s industrialisation capacity to promote job creation and domestic wealth formation across key economic sectors. In view of the current electricity deficit in […]