Zambian, Korean firms sign deal for 500MW solar plant

Zambia's state-owned power utility ZESCO and South Korea's KS Eco Solutions Holdings have signed a purchase agreement for a 500-megawatt solar plant and battery storage project, as Zambia seeks to diversify its energy mix after recent electricity shortages.

Zambia plans to expand its power generation capacity to about 10,000 MW by 2030, up from the current 3,500-3,900 MW, to address a power deficit of more than 1,600 MW and support economic growth.

Solar energy is viewed as a key renewable energ ...