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Strategic investments that drive sustainable economic development.
Raising (US$):$4.8m
Current Revenue:Entity Not Yet Established
Deal Book Contact: Head of Investments
Name: Mulumba Lwatula
Company Name: Industrial Development Corporation
Email: Mulumba.lwatula@idc.co.zm
The Project involves the development and construction of a fruit and vegetable processing plant in Katete District in the Eastern Province of Zambia. ETF project will operate under the company Eastern Tropical Fruits Limited, a subsidiary of the Zambia Fruit Company (ZFC) wholly owned by the Industrial Development Cooperation (IDC). The IDC is a State-Owned Enterprise (SOE) charged with the mandate to spearhead the Zambian Government’s commercial investments agenda aimed at strengthening Zambia’s industrial base and job creation. The Project was commissioned in 2022. ETF plant is comprised of a processing line, packaging line, bottling line, refrigeration facilities, boilers and heating facilities and water and power utility infrastructure.
The Project will cost USD 3.7 million to cover key costs such as land acquisition, project development costs, civil works and construction, working capital requirements, equipment procurement and installation. USD 1.3 million has been secured through IDC, which is now seeking for USD 2.4 million to close the financing gap.
The leading provider of affordable, sustainable, healthy, and organic feed options for small and medium-scale farmers.
Raising (US$):$3.0m
Current Revenue:Revenue Greater than $1m per year
Deal Book Contact: CEO
Name: Priscilla Musenge
Company: Entomo Farm
Email: Priscillah@live.co.uk
Entomo Farm turns food waste into a sustainable, organic and inexpensive livestock feed and fertilizer and food options for small and medium livestock and aquaculture farmers through Black Soldier Fly farming. Insect farming, although relatively new to Zambia can help contribute positively to SDG’s 1, 2, 3, 5, 8 and 13, which in turn will assist the country fulfil its pledge of reducing Green House Gas emissions by 25% by 2030. In 2021, Entomo Farm constructed its insectarium and began prototyping and in 2022, the company commenced feed andfeedbaseproductionandhaveaworkingminimumviableproduct.
The company is currently testing with a few paying clients who are mainly into chicken and fish farming. The company needs US$2.8 million in the form of equity for infrastructure and equipment for a new product line to include small pet food, training, research and development, additional labour, marketing/advertising and branding. Priscilla, the CEO has over 4 years of experience and has recently been honoured with the prestigious 2024 Women in Sustainability Award, from the ZEE Women in Banking Awards by ZANACO recognizing her outstanding leadership and contributions to sustainable farming practices.
The Project is highly profitable with net profit margins rising from 30% in year 1 to 40% in year 5. While consolidated production of insect meal for feed, frass fertilizer and oil are collectively expected to increase from 4,000 tonnes in year 1 to 10,000 tonnes in year 5. There is available domestic market, which includes light industries in the food processing sector in Zambia that use protein to produce stock feed, farmers that need fertilizer to grow various crops, and pharmaceutical companies that require oil to produces various cosmetics. The market also includes various consumers who demand stock feed and fertilizer for personal consumption as well as agents and traders who buy feed and fertilizer for resale. Currently, Zambia has an annual fish deficit of about 87,000 metric tons.
wCap Limited has launched an early stage USD 10M gender lens and climate impact fund for Southern Africa
Current Revenue:No Revenue Yet
Raising (US$):$10.0m
Deal Book Contact: Managing Partner
Name: Nyeji Mhango
Company Name: wCap Limited
Email: nyeji@womencapital.co
wCap Limited is a pioneering female-owned investment management firm located in Lusaka, Zambia. Established in May 2020, wCap was founded by Nyeji Mhango, Yvonne Mpala and Melissa Gray to address the critical funding gap that women-owned businesses often face in Southern Africa. wCap Limited is dedicated to advancing economic empowerment for women and mitigating climate change effects in the Southern African region. We are a first mover in the early-stage gender lens investing space in Zambia, we offer climate finance with a gender lens serving the Southern African region which is underserved for private capital.
Equifund Fund I is a US$10M hybrid (debt/equity) fund that will invest in 11 early-stage businesses in Southern Africa. Allocation: 50% gender lens, 75% climate verticals. Minimum investment: USD1 M institutional investors or USD200,000 qualified high net-worth individuals.
Fruit and vegetable production all year round
Raising (US$):$9.0m
Current Revenue:No Revenue Yet
Deal Book Contact: Head of Investments
Name: Mulumba Lwatula
Company Name: Industrial Development Corporation
Email: Mulumba.lwatula@idc.co.zm
A fruit and vegetable processing plant that will adopt a hybrid technology allowing a single processing line to switch and process a variety of fruits all year round. The envisaged primary finished products from the hybrid processing plant will be tomato paste, tomato sauce, tomato chutney and tomato puree. It will also have capabilities to produce fruit juices, pulp, and jams.
The Project is expected to generate positive operating cash flows during operations. The project is expected to achieve a sustainable 56 to 60% Gross Profit Margin, 31 to 37% EBITDA Margin and 0 to 22% Net Profit margin. The project payback period is 8 years with an Internal Rate of Return (IRR) of 40.4%. The project is expected to generate post debt service free cash flows in excess of US$ 13.23 million over the first ten years of operation.
The Project is open for FDI through a minority or majority stake. The key project costs include equipment procurement and installation, civil works, utility vehicles, development costs and working capital. The IDC has secured US$ 681,000 for early- stage development activities, consultation services and civil construction and is now seeking equity partners to close the financing gap of US$ 9.2 million.
New 71MW Solar-Wind Hybrid Plant to Generate $16M Annually, Achieve 84% EBIDTA and 9.7% IRR, Operational in 18 Months
Raising (US$):$90.0m
Current Revenue:Revenue Less than $1m per year
Deal Book Contact: Local Representative
Name: Emmanuel Chilufya
Company Name: Gigawatt Renewables Zambia
Email: info@zda.org.zm
This project involves the establishment of a 71 MW solar-wind hybrid plant project. The time from financial close (FC) to Commercial Operation Date (COD) for the hybrid plant is expected to be 18 months, including both the wind and solar components together with the grid interconnection. The project is expected to be profitable with estimated annual sales at $16,212,000 by the second year of operation, EBIDTA at 84% and IRR of 9.70%. The plant life has been estimated at 25 years.
The Zambian energy market is dominated by hydropower, making up 85% of electricity generation. However, frequent energy deficits and load shedding have led to a push for diversification with investments in solar, wind, and biomass. ZESCO manages the transmission and distribution network, and the government is encouraging private sector involvement and improving infrastructure. Zambia is part of the Southern African Power Pool, facilitating regional electricity trade. The market is transitioning towards more renewable energy and sustainable supply.
Open for FDI through a Joint Venture to raise $90m.
163MW Hydropower 3-part cascade scheme project163MW Hydropower 3-part cascade scheme project
Raising (US$): $700.0m
Current Revenue: No Revenue Yet
Deal Book Contact: CEO
Name: Katai E. Kachasa
Company Name: Lufubu Power Company Limited
Email: kachasa@lufubupower.co.zm
The Lufubu hydropower scheme Project is a new project to be developed on the Lufubu River Basin in Mpulungu and Nsama District of Northern Province. It is aimed at strengthening the national grid supply and stability, contributing to economic growth as well as unlocking tourism and investment potential in the northern part of Zambia. The Lufubu River runs through the Northern Province and is one of the inflows into Lake Tanganyika. The proposed Hydropower cascade scheme project will consist of a cascade of three (3) power plants to be constructed along the Lufubu River and these will be; the Lufubu 1 (installed phase 1 capacity of 66MW), Lufubu 2 (43MW) and Lufubu 3 (54MW) giving a total phase 1 installed capacity of 163MW at plant factor of 90% as a first stage development, which can later be expanded to 326MW when peaking power market is developed. The power plants will be interconnected by 132kV transmission lines. The project has a 4-year construction period. All feasibility studies including geotechnical investigations and preliminary project designs were completed. Environmental and Social Impact Assessments for the hydropower scheme and transmission lines were completed and approved by Zambia Environmental Management Agency (ZEMA).
The project is seeking USD700 million mezzanine financing peferably FDI through minority stake.
Zambia’s Finest Food Processing Company
Raising (US$): $0.5m
Current Revenue: Revenue Less than $1m per year
Deal Book Contact:
Name: Edina Chama Kalala
Company Name: Lyeni Investment Limited
Email: ednakalala@gmail.com
Established in 2018, Lyeni is an Agribusiness that processes meats through smoking. Our main product is fish, we do other value additions to it such as drying, salting, fish powder, snacks, oils that we would like to commercialize on a larger scale. Lyeni Investment would like to play a major role in fish value chain by increasing the accessibility to safe and quality processed fish. This will help in reducing fish wastage by preservation through salting, drying and smoking. The company will be the ready market for the fish farmers, create employment for women and youth in production and marketing. Lyeni wants to expand business and to build capacity to source fish from farmers across the nation, distribute the processed fish across the nation and beyond. Lyeni Investment would like to build a fish processing plant in Lusaka and Mufulira.
Open for FDI through a minority stake
The first climate smart, renewable energy powered fish farm in Zambia.
Raising (US$): $25.0m
Current Revenue: No Revenue Yet
Contact Person Person: Investment Promotion Officer/Specialist
Company Name: Zambia Development Agency
Email: info@zda.org.zm
Telephone Number: 0211220177
Miodon Aquatics is a fish farming company. We have built a 1ha In Pond Raceway System (IPRS) pilot project. Our aim is to build a fully vertically integrated system, with more ponds, a filleting factory and a feed plant, all powered via renewable energy. The rationale is to produce an exportable product to ensure a foreign currency income, which will mitigate any risks from exchange rate devaluations in the local currency. There will be produce sold locally as well to cover operational costs. Our holistic approach involves using the latest climate smart In Pond Raceway System to grow the fish, renewable energy to run all the systems. Even the waste, sludge removed from the raceways and fish viscera from the processing plant will also be utilized to make organic fertilizer. All the facets of the business are aimed at improving yield, lowering the footprint, being as climate smart and environmentally friendly as possible. These systems will all work together to make a highly profitable and sustainable business, producing much needed protein for the many hungry mouths in Africa.
This will help in addressing the high malnutrition rates in Zambia. Our business model will be easy replicated in various locations and scalable.
The investment sought is USD25 million through equity and debt.
Creating products and services that shape industry trends and provide solutions for our customers
Raising (US$): $8.2m
Current Revenue: Revenue Less than $1m per year
Deal Book Contact: Chairman
Name: David Kombe
Company Name: Mulundu Holding
Email: kombe@blackdot.co.zm
Mulundu Holdings Limited (MHL) is a Zambian investments holdings company that encompasses multiple companies operating in various sectors of the economy including Agriculture & Aquaculture.
With regards agriculture, we intend to develop a combination of hard and soft infrastructure on 1,000 hectares which will support the emergence of a community of small and medium sized farmers anchored by a core venture crop, poultry and cattle feedlot farming operation run by MHL. The core venture operations will provide a market for the produce emanating from small and medium scale farmers.
On the other hand, the aquaculture operation will involve running two cycles of production per annum with each cycle spanning between 4 to 5 months. The operation shall include the end-to-end value chain to include hatchery and production of fingerlings, right through to producing processed fish in the form of packaged fillets and smoked fish for the domestic as well as export market.
For the agriculture project, the financing requirement is USD 5,461,500 and the aquaculture project requires USD 2,700,000. Both projects are open for FDI through a Joint Venture.
Manufacturing of timeless, sustainable, and innovative hardwood products.
Raising (US$): $0.5m
Current Revenue: Revenue Less than $1m per year
Deal Book Contact: CEO
Name: Ruth Ironside
Company Name: Mupapa Wood
Email: ruth.chande.ironside@gmail.com
Mupapa Wood has a number of objectives and goals we hope to tackle and achieve with additional investment. These Objectives are:
1.Construction of a new factory – With already acquired land, Mupapa Wood hopes to construct a factory in Buckley, on the south side of Lusaka, Zambia. This is expected to start in the next 1 to 2 years. This Factory will be designed to allow the company to truly customize the working areas in order to create a more efficient and modern work environment for employees and management.
2.Procurement of new Workshop Equipment – with the additional investment and new machinery, we would then be able to provide the required equipment for the craftsmen within the factory and help them improve their rate of production.
3.New Vehicles – With the additional investment, we hope to purchase a new truck to improve delivery times on our larger items, as well as give us more flexibility when strategizing logistics.
4.Mupapa hopes to also purchase a new office vehicle in order to allow management and supervisors more flexibility when visiting existing and potential clients.
5.Marketing – Mupapa Wood would like to increase its domestic and international marketing budget.
6.Corporate Social Responsibility – As Mupapa Wood expands and grows as a company, we understand that with the increase in production, our demand for raw timber will then increase. With some additional investment, we would like to set up a project that will help us give back to the environment.
Open to FDI through minority stake particularly Equity and Debt.
Musamu Resources’ Chipili Manganese Mine Generates $8M Annually, Producing 200,000 Tons with $3.7M Profit.
Raising (US$): $20.0m
Current Revenue: Revenue Greater than $5m per year
Deal Book Contact: Chief Executive Officer
Name: Dr. Sixtus Mulenga
Company Name: Musamu Resources
Email: sixtus.mulenga@tasheni.com.zm
Musamu Resources own a manganese mine in Chipili district in Luapula province with a valid mining license and all other necessary paperwork to carry out production. The mine is currently producing 200,000 tons of Manganese Ore per annum and the mines annual revenue is USD8million per year with a profitability of USD3.7million per year.
Zambia is a significant manganese producer in Africa, with major deposits in the Luapula and Northern provinces. The sector contributes to the country’s GDP through exports, with local and international companies like Musamu Resources leading production. Key challenges include inadequate infrastructure, regulatory issues, and limited domestic processing facilities. The government is promoting investment and improving infrastructure to enhance the sector. With global demand for steel and batteries rising, Zambia’s manganese market has strong growth potential, particularly if it can develop value addition and address existing challenges.
Annual revenue is USD8million per year with a profitability of USD3.7million per year. Open for FDI through a Joint Venture looking to raise $20m
180MW of New Renewable Electricity Generation for Zambia
Raising (US$): $650.0m
Current Revenue: No Revenue Yet
Deal Book Contact: Director
Name: Ayad Farhat
Company Name: Western Power Company
Email: ayad.farhat@westernpower.org
Ngonye Falls Hydroelectric Project is a project by Western Power Company located in Zambezi River in the Western Province of Zambia. The project is worth more than $600m and will be the largest run of-river hydro in Zambia and the design is run-of-river which means there is no dam and no storage or water. A portion of the river’s flow is diverted for power generation and then immediately fed back into the river. This means that downstream of the powerhouse the project has no impact on the amount of water in the river or on any other users of water. The project does not include a dam or a reservoir (lake) it also has a very low environmental impact and produces almost zero greenhouse gasses. However, as the project is run-of-river, it does not have the ability to store water (and therefore electricity) during times when the river is in flood. This means that extra electricity cannot be generated during drought periods. For this reason, the electricity generation from the project will be dependent on the amount of water flowing in the river at any given time.
The technical and financial feasibility of the project has been proven. The project has development and funding partners which are African Power Projects (APP) InfraCo Africa and The Development Bank of Southern Africa (DBSA).
Western Power will employ a Project Finance structure to raise the money required to construct the project. Project Finance is commonly used to finance large infrastructure projects as it uses the security of a long-term contract – in this case a contract to sell electricity for 25 years – as security to borrow up to 80% of the project cost from a group of lenders or Development Finance Institutions. The Project seeks debt of US$650 million.
Established to distribute and supply electricity
Raising (US$): $105.0m
Current Revenue: No Revenue Yet
Deal Book Contact: Consultant
Name: Limbika Lungu
Company Name: North-Western Energy Corporation (NWEC)
Email: info@zda.org.zm
North-Western Energy Corporation (NWEC) Limited was incorporated in July 2007. NWEC is a 98% subsidiary of ENFIN Limited (“Enfin”) which is an investment holding company and a private consultancy firm specializing in providing advisory services in energy, mining, taxation and infrastructure areas. The Company was incorporated in June 2007 as a special purpose vehicle (“SPV”) to Build Own and Operate (“BOO”) electricity distribution and supply infrastructure that provides electricity to the residential mining townships in Northwestern Province of Zambia and to take advantage of the growing demand for the electricity driven by the growth in investments in the mining sector. NWEC is the only licensed private power distribution company in Zambia and distributes North-Western Province which is home to some of the largest Copper mines in Africa such as Lumwana Mine owned by Barrick Gold Cooperation and Kansanshi Copper Mines which is owned by First Quantum Minerals (FQM).
NWEC is seeking an equity partner to aid the company to reach its full potential and is therefore open to 75% equity purchase at $32.1 million. In addition, the investor(s) would be expected to refinance the existing medium- term loan ($3.2 million); aid with the ongoing expansion projects (distribution and reticulation network) at $4 million; the Solwezi concession shareholders loan at 58 million; bringing the total equity funding requirement to $104.719 million inclusive of transaction fee at 3%. The investor (s) will also be expected to provide extra technical expertise. The company is expected to generate positive operating cashflows with, gross profit margins of 39% and a steady increase in the EBITDA Margin of 13% in 2022 to 19% in 2026.
Consultancy for feasibility study, solicitation prep, advisory, and design review for M10 rehab from Livingstone to Sesh
Deal Number: AIDB-017721
Raising (US$): $148.4m
Current Revenue: Revenue Greater than $10m per year
Contact Person Person: Investment Promotion Officer/Specialist
Company Name: Zambia Development Agency
Email: info@zda.org.zm
Telephone Number: 0211220177
Consultancy services for the feasibility study, solicitation docment preparation, transaction advisor and design review for the rehabilitation of the M10 from Livingstone to Sesheke (212km) in the Southern Province of Zambia
Looking to get into a Public-Private Partnership and raise $140.4m
Why You Should Invest in Shakespeare Court: A Prime Real Estate Opportunity
Raising (US$): $5.0m
Current Revenue: Revenue Less than $1m per year
Deal Book Contact: Chairman
Name: Anthony Harwood
Company Name: Lusaka Property Investment
Email: info@zda.org.zm
Property and a Professional Hospitality Management Service. Serviced apartments are in high demand due to Lusaka’s economic growth, attracting expatriates, business professionals, and international travelers. These properties provide high occupancy rates, consistent rental income, and long-term capital appreciation.
Investors benefit from passive income through a hands-off management approach.
The Hospitality Management Service fills a market gap by offering tailored management solutions for property owners, handling operations, marketing, guest services, and maintenance. This scalable business model allows the management company to grow its portfolio, presenting significant revenue growth potential. Both investments offer stable returns and the chance to tap into a rapidly expanding market, combining ethical business practices with long-term profitability.
We are seeking USD 5 million for a full acquisition of both segments of the business.
Overpass Road from Ten Miles Mungule Road Junction in Chibombo district to the Chilanga Cement Round about in Chilanga
Raising (US$): $363.0m
Current Revenue: Revenue Greater than $10m per year
Contact Person Person: Investment Promotion Officer/Specialist
Company Name: Zambia Development Agency
Email: info@zda.org.zm
Telephone Number: 0211220177
The project involves the construction of an Overpass Road from Ten Miles Mungule Road Junction in Chibombo district to the Chilanga Cement Round about in Chilanga district in Lusaka Province. The road construction sector in Zambia is vital for economic development, enhancing trade, transportation, and connectivity. Key projects like Link Zambia 8000 and the Lusaka-Ndola Dual Carriageway highlight significant investments in infrastructure. The government, through the Road Development Agency, plays a crucial role, with funding from government budgets, international loans, and Public-Private Partnerships. Challenges include funding shortages, maintenance issues and limited local capacity. However, the sector presents opportunities for regional integration, economic growth, and investment. The outlook is positive, driven by the need for better infrastructure and continued government commitment.
The road construction sector in Zambia is vital for economic development, enhancing trade, transportation, and connectivity. Key projects like Link Zambia 8000 and the Lusaka-Ndola Dual Carriageway highlight significant investments in infrastructure. The government, through the Road Development Agency, plays a crucial role, with funding from government budgets, international loans, and Public-Private Partnerships. Challenges include funding shortages, maintenance issues and limited local capacity. However, the sector presents opportunities for regional integration, economic growth, and investment. The outlook is positive, driven by the need for better infrastructure and continued government commitment.
Looking to get into a Public-Private Partnership to raise $363m.
Manufacture of Personal Protective Equipment (PPE) and Fire Fighting Equipment
Raising (US$): $3.0m
Current Revenue: Revenue Greater than $1m per year
Deal Book Contact: Group Managing Director
Name: Timothy Zgambo
Company Name: Status Hi-Tech Zambia Limited
Email:
Status Hi- Tech Zambia Limited is a 100% Zambian owned company established in 1998. The company specializes in the supply, control and management of Personal Protective Equipment (PPE) and Fire Fighting Equipment throughout industry including mining, agriculture, manufacturing, petroleum and power generation Industries. The company also provides specialized occupational and environmental safety consultancy services. The head office is in Chingola and has 4 branches in Zambia (Lusaka, Kitwe, Solwezi and Kalumbila) and 1 subsidiary in Democratic Republic of Congo.
Main products and services produced are Personal Protective Equipment (PPE); Fire- Fighting Equipment; Occupational Hygiene and Environmental Consultancy. The company also intends to eventually move higher in the value chain (through manufacturing and wholesaling) offer more expert services and penetrate other export markets.
The company is seeking capital injection to expand their product and service offers through FDI. The expansion plans are company-wide but will be focused more on Chingola and Solwezi subsidiaries where the company infrastructure is concentrated and most of the market lies. The total cost of the capital injection required is $ 3million which is supposed to be deployed as follows: $1 million for CAPEX (buildings and equipment) and $2 million for working capital (i.e. stock, project funding and export financing). The project is expected to succeed because the market is readily available, and the business is highly profitable with a net profit after tax of ≥ 25%. The project is open for FDI through a minority stake.
Char-briquettes to fight deforestation and improve the livelihoods of Zambian people
Raising (US$): $1.0m
Current Revenue: No Revenue Yet
Deal Book Contact: Director
Name: Mandla Hlazo
Company Name: Umilimi Investments Limited
Email:
Video Link: https://drive.google.com/file/d/1TYdVoNypcPBqVZozZjTcz0joH4KI_1Kp/view?usp=sharing
Umlimi, in partnership with OTAGO, aim to set up and run a factory for the production of high-quality and sustainable char briquettes destined for the local Zambian market. Our char briquettes will be made from 100% recycled biomass, which means Zambian customers will transition from using unsustainable and hazardous charcoal (or firewood) to healthier renewable energy for cooking. The project will focus on achieving a conservation-based economy by creating an innovative approach to creating value through the conservation of our forest lands, resulting in the creation of new agricultural commodity revenue streams. The time from financial close (FC) to Commercial Operation Date (COD) for the char-briquettes factory is 6 months. After 2/3 years, leveraging the modularity of OTAGO’s production system, production capacity is projected to increase from 360 tonnes to 720 – 1,440 tonnes per year with a 20% export share after 2 – 3 years. This would simultaneously increase the revenues of the business and sensibly reduce its direct and indirect costs by leveraging economies of scale.
Open for FDI through a minority stake. Equity and Debt.
Raising US$25m fund investing in small & medium enterprises in Zambia with a bias to financing non-traditional exports
Raising (US$): $25.0m
Current Revenue: Revenue Less than $1m per year
Deal Book Contact: Fund Manager
Name: Dr. David Chewe
Company Name: ZEDF
Email: David.Chewe@zda.org.zm/davidchewe@ymail.com
Our Fund is dedicated to contributing to the diversification of Zambia’s economy, GDP growth and creation of new jobs in target non-traditional sectors. We strive to generate positive, measurable socio-economic and environmental impact alongside a financial return. With seed capital from the European Union, funding support from other investors can enable us provide funding support and investment in innovative businesses and SMEs and projects addressing poverty alleviation and deal with climate change, and inequality. Our approach is to provide affordable and accessible financing to lower tier businesses in the value chains for export-oriented goods and services. We have established that SMEs and firms are short of affordable finance to support non- traditional exports and we intend to use working capital, pre- and post-shipment finance and reverse factoring models to address the missing middle financial gap.
Investment Focus: 1. Sustainable agriculture and agribusiness: facilitating access to SMEs and firms across key value chains. Businesses across value chains that provide essential services and products to underserved communities are also catered for. 2. Sustainable non-copper & non-cobalt mining projects: helping artisanal miners access funding support to develop their enterprises and increase participation in the processing and added value extractive industries. 3. Sustainable value addition across nontraditional export sectors and resolution of missing middle in the financial infrastructure 4. Sustainable green technologies and projects: Funding projects and waste management practices that promote climate smart businesses.
Target Returns: Financial: Aiming for an annual return of 8-12% over a 5-year period.
40MW Zambia Wind Farm
Raising (US$): $3.0m
Current Revenue: No Revenue Yet
Deal Book Contact: Managing Director
Name: Li Kaira
Company Name: Squarelip One Wind Farm Corporation Ltd
Email:
Squarelip One Wind Farm Corporation Ltd (“SOWFCL”) has completed pre-feasibility studies for a wind farm in Mpika, Zambia. The results indicate the project has an estimated after-tax equity IRR of 21%. Feasibility study rights have been obtained from the Government of Zambia to proceed to feasibility studies.
Financial viability: Indicative quotes have been obtained for feasibility studies; engineering, procurement and construction (EPC); and operations and maintenance (O&M). The quotes have been used to develop the project financial model. The estimated after-tax equity IRR is 16%.
Market Opportunity: Zambia and the wider SADC region is experiencing energy supply deficit. Zambia’s electricity network operates on an open access framework that allows Independent Power Producers to sell energy to any off-taker. Potential off-takers have been identified for Mpika Wind Farm.
Technical Feasibility: SOWFCL has entered into a non-binding Memorandum of Understanding with Sany Renewable Energy Co.,Ltd (‘Sany’) to collaborate on the development of the project, with Sany being a potential turbine supply and installer.
Energy yield assessment: The identified site has a good wind resource suitable for the development of a wind farm. The preliminary energy yield assessment undertaken indicates an expected P50 annual energy production of 135 GWh, a P50 net capacity factor of 38.5%