Today, our CEO Mr. Cornwell Muleya participated as a panellist at the Energy Forum for Africa (EFFA) 2025, speaking on Public-Private Partnerships and Transaction Advisory under the theme “How Collaborations between the Private Sector and the Public Sector Can Unlock Solutions.”
Mr. Muleya spoke about the Industrial Development Corporation’s role as a state-owned investment company driving Zambia’s industrialization and economic diversification since 2014. With a portfolio spanning 12 key sectors, including energy, agriculture, mining, transport, and manufacturing, IDC continues to position itself as a reliable partner in advancing national development.
In the energy sector, IDC has been instrumental in pioneering renewable solutions. Through partnerships under the Scaling Solar initiative, IDC co-developed Zambia’s first two utility-scale solar plants totaling 88 MWp — Bangweulu Power (54 MWp) and Ngonye Power (34 MWp). These projects not only delivered record-low tariffs but also proved the power of collaboration in unlocking sustainable energy infrastructure.
Looking ahead, he said IDC’s 2024–2033 Transformational Strategic Plan aims to develop a 480 MW renewable energy pipeline with local and global partners. Working with partners, IDC also plans to mobilize over USD 1.5 billion for priority investments, create 40,000 jobs, and scale renewable energy projects including 1,000 mini-grids to benefit 1 million Zambians.
By leveraging blended finance, green bonds, and pension fund partnerships, IDC is shaping a strong pipeline of projects that will strengthen Zambia’s energy security while promoting regional power trade.
Mr Muleya said IDC remained committed to catalyzing investment, promoting transparency, and advancing Zambia’s green transition through partnership models that balance public priorities with private sector efficiency.
