ZESCO gets Loan to connect all districts in North-Western Province to national grid

Filed under: Breaking News,Statements |

Power-station-ZESCO Limited has obtained a US$163 million loan from Standard Bank of South Africa and the Swedish Export Credit Corporation that is being used to finance the connection of all districts in North-Western Province to the national electricity grid.
Only Solwezi and Kasempa are connected to the grid while Mwinilunga was commissioned last month.
The rest of the province is powered by diesel generators, which is costly since Zesco spends huge sums of money in operations and maintenance of the diesel stations.

According to a statement issued by the Zesco marketing and public relations department, the project to connect North-Western Province to the national electricity grid started on April 14, 2014.

“This project includes the connection of Mwinilunga, Mufumbwe, Kabompo, Manyinga, Mumbezhi, Zambezi, Chavuma and Lukulu in Western Province.

“The project is being implemented at a total cost of US$163 million. Financing for the project is through a loan from the Swedish Export Credit Corporation and Standard Bank of South Africa,” it states.

The expected completion date of the entire project is July 2017 while Mufumbwe will be connected next month and the other districts will follow.

Connection of the region to the grid will see an end to power rationing and will enable the company to channel saved resources to other areas of its operations.

“The connection of the province to the grid will stimulate economic growth in sectors such as agriculture, mining, manufacturing, among others. The customers will also experience improved quality of electricity supply, and the districts will experience cleaner energy and a drastic reduction in pollution both in noise and air quality,” it states.

One Response to ZESCO gets Loan to connect all districts in North-Western Province to national grid

  1. “The customers will also experience improved quality of electricity supply, and the districts will experience cleaner energy and a drastic reduction in pollution both in noise and air quality….”

    LOAD SHEDDING is improved quality of electricity supply?

    COAL POWER GENERATION IN MAAMBA is a drastic reduction in pollution?

    Which planet are these ZESCO chaps on????????????????

    Duno
    September 17, 2016 at 13:00