Winners confirmed for Zambia solar projects

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Winners confirmed for Zambia solar projects

The Government of Zambia has announced the winners for the Scaling Solar project, a World Bank Group program that removes obstacles to large-scale solar power in developing countries. This project will help Zambia’s Industrial Development Corporation (IDC) add clean and affordable power capacity in the country.

The companies awarded are  Neoen S.A.S. and First Solar Inc., who jointly bid to produce solar power at just US$6.02 cents per kilowatt hour, and Enel S.A., which bid US$7.84 cents per kilowatt hour.

The new Zambian solar plants will be built over the next year and feed into the grid, providing a new clean power source for the country. According to their winning bids, Neoen and First Solar will build a 45MW plant and Enel will build a 28 MW plant. Local Zambian participation in the two projects will be ensured through IDC taking a 20 percent shareholding in each of the two project companies. 

In early June, we reported that IDC had opened bids from seven renewable energy developers seeking to build large-scale solar power plants in the southern African country where power shortages are acute. The bid tariffs ranged from US$6.02 ¢/kWh to 10.6¢ / kWh at the low end.

IFC, a member of the World Bank Group, designed and helped IDC run the tender, which attracted 48 solar power developers, seven of whom submitted final proposals. These were:

  • Access / Eren Zambia 1
  • EDF Energies Nouvelles
  • Enel Green Power S.p.A.
  • Mulilo Zambia PV1 Consortium
  • Globeleq
  • NEOEN S.A.S. / First Solar Inc.
  • Shanghai Electric Power / AVIC

Philippe Le Houérou, IFC’s Chief Executive Officer and Executive Vice President, said:

“These are the lowest solar power tariffs seen to date in Africa, and among the lowest prices for solar power anywhere in the world—a game changer for Zambia and other countries in the region facing electricity shortages. Scaling Solar is paving the way for governments to deliver fast, cheap, and clean energy—even in relatively small and untested markets—and setting a new regional standard for procuring large-scale solar power.” 

List of country news

Country news

  • June 06, 2016

    Two teams preferred bidders for Zambia’s solar projects

    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 US$6.02 ¢/kWh to 10.6¢/kWh at the low end. Read more
  • February 24, 2016

    Zambia opens second stage of 100 MW solar tender

    The Industrial Development Corporation of Zambia has announced the beginning of the second step in the bidding process for the development of 100 MW of solar power projects across the country. Read more
  • January 19, 2016

    Zambia prequalifies 11 for 100 MW solar projects

    The Industrial Development Corporation of Zambia Ltd (IDC) announced in late December it has prequalified 11 teams for the development of 100 MW of solar power projects. Read more
  • March 12, 2014

    Standard Chartered PE acquires stake in energy firm in Zambia

    The private equity arm of Standard Chartered acquired a stake in Copperbelt Energy Corporation (CEC) the company that distributes power to mines operating on the Copperbelt, a mineral-rich region in Zambia. Read more

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