Amsons Group and Zambian Firm Partner for $900M Tanzania Power Projects
Amsons Group, a pan-African energy and industrial conglomerate, has partnered with Zambia’s Exergy Africa Limited to develop a $900 million power project in Tanzania. This collaboration aims to generate 1,300 megawatts of new power, incorporating both solar and coal-fired generation capabilities.
Details of the Partnership
The strategic alliance will see the development of 1,000 megawatts of solar energy and 300 megawatts from coal. This approach is set to enhance Zambia’s national energy security and spur industrial growth. By merging Exergy’s local expertise with Amsons Group’s regional capabilities, the partnership aims to create a reliable pipeline of power projects tailored to meet Zambia’s long-term energy needs.
Statements from Leaders
During the signing ceremony in Lusaka, on December 9, Amsons Group CEO Edha Nahdi emphasized the company’s dedication to Zambia’s economic enhancement. He stated, “This partnership will bring substantial regional energy infrastructure and clean energy investments to support Zambia’s development.”
Exergy Africa Limited’s director, Monica Musonda, referred to the partnership as a pivotal step towards improving regional energy integration. She noted, “Collaborating with a group entrenched in various African markets allows us to execute projects more efficiently.”
Impact on Zambia’s Energy Sector
This initiative aims to significantly boost Zambia’s power generation capabilities and enhance grid stability, particularly for industrial sectors. The partnership also seeks to foster new manufacturing and mining opportunities, promoting long-term job creation and economic resilience.
- 500 megawatts of solar capacity expected to be added to the grid within 18 months.
- The full installation of 1,300 megawatts, including solar and coal, to be completed in 24 months.
Zambia’s Minister of Energy, Makozo Chikote, praised the venture, highlighting the investor confidence it reflects in the nation’s energy sector. This alignment with the government’s strategy promotes both public and private investment in energy.
About Amsons Group and Exergy Africa Limited
Amsons Group operates in Tanzania, Kenya, Mozambique, the Democratic Republic of Congo, and Zambia, creating over 10,000 jobs. Its energy portfolio includes substantial petroleum storage and bulk fuel trading operations, supported by one of East Africa’s largest logistics fleets.
Exergy Africa Limited focuses on the energy sector in East and Southern Africa, investing in various energy-related ventures. Its shift towards developing foundational energy infrastructure aims to solve ongoing power shortages in the region.
This collaboration between Amsons Group and Exergy Africa Limited presents an opportunity for Zambia to achieve energy surplus, paving the way for a more stable and economically vibrant future.
