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ZCCM Investments Holdings ( (FR:MLZAM) ) has provided an update.
ZCCM Investments Holdings PLC has approved the acquisition of a 35% stake in Maamba Solar Energy Limited, a subsidiary of Maamba Energy Limited, to invest in a 100MW solar power project in Zambia. This strategic move is intended to enhance Zambia’s renewable energy capacity, support the country’s energy transition, and strengthen ZCCM-IH’s position in the renewable energy sector. The project, with a total investment cost of USD 90 million, is expected to be commissioned by July 2026 and will contribute to alleviating Zambia’s energy crisis while promoting climate-resilient infrastructure and job creation.
More about ZCCM Investments Holdings
ZCCM Investments Holdings PLC is a company incorporated in the Republic of Zambia. It is involved in various industries, with a focus on energy investments, particularly in renewable energy projects. The company aims to expand and strengthen its energy portfolio through investments in sustainable and clean power solutions, aligning with Zambia’s national energy diversification policy.
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