Categories: Editor's Picks Zambia

Energy Expert hails UK’s £3 billion support towards Zambia energy transition

• This development will help Zambia to make big progress towards attainment of SDG number 7.
• The deal will further support Zambia’s quest for industrialization, energy security both local and in the region.
• Government has put the country on the correct drive way by attracting other forms of energy.

An Energy Expert says the £3 billion offered by UK towards Energy transition and mining will help Zambia attain Sustainable Development Goal (SDG) Number 7, which calls for universal access to clean, affordable and sustainable energy for all by 2030.
Dr. Johnstone Chikwanda told Money FM News that pursuing different pathways to energy sources will significantly assist Zambia’s energy portfolio which is still biased towards Hydro Power, making the country vulnerable due to frequent challenges regarding rainfall pattern.
Dr. Chikwanda commended the Zambian government for working hard in restructuring the energy sector through tariff reforms which have started to bear dividends.
“This development will help Zambia to make big progress towards the attainment of United Nations Sustainable Development Goal (SDG) number 7 which calls for universal access to clean, affordable and sustainable energy for all by 2030.”
“The deal which is a very big leap will further support Zambia’s quest for industrialization, energy security both local and in the region,” Dr. Chikwanda stated.
He noted that Government has put the country on the correct drive way by attracting other forms of energy as seen by the unprecedented investment pledges which have now reached over $6 billion.
“The UK government has done a commendable job for coming to our rescue and I wish to congratulate the Zambian government for working hard in restructuring the energy sector through tariff reforms which have started to not only attract unprecedented investment but actualization as well.”

“Additionally, the recent tariff adjustments which were aimed at making the energy sector more viable have started to bear dividends. I believe Government has put the country on the correct drive way by attracting other forms of energy as seen by the unprecedented investment pledges which have now reached over $6 billion.
On Thursday, 3rd August, Britain agreed deals with Zambia on clean energy and critical minerals as Foreign Minister James Cleverly ended a four-day visit to Africa to deepen ties.
The Foreign Ministry said Cleverly would agree a UK-Zambia Green Growth Compact, aimed at generating £ 2.5 billion of British private sector investment in Zambia’s mining, minerals and renewable energy sectors alongside £500 million of government-backed investments.

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