Zambian Energy Investment to Tanzania Valued at $100 Million. Lusaka, Zambia — A Zambian energy trader is set to invest $100 million in a new power transmission line that will connect Zambia and Tanzania, according to local reports.
The project aims to enhance energy infrastructure and facilitate the exchange of electricity between the two countries.
The transmission line is expected to boost the region’s power supply and support economic growth in both nations. Regional officials confirmed that the investment is part of a broader strategy to strengthen energy security and promote regional integration.
The government stated in a communiqué that the project is in line with the country’s vision for sustainable development and energy self-sufficiency.
Sources close to the matter said that the transmission line will span approximately 300 kilometers and is anticipated to be completed within the next three years.
The project is currently undergoing environmental impact assessments and securing necessary permits.
The planned transmission line is seen as a significant step towards realizing the Southern African Power Pool (SAPP) vision, which aims to create a single electricity market in the region.
This initiative is expected to reduce energy costs and improve the reliability of power supply across Southern Africa. Further details regarding the project’s funding sources and specific timelines for construction are expected to be announced in the coming weeks.
For now, the government and the energy sector await the green light from regulatory bodies to proceed with the development.
Independent The government is optimistic that the investment will stimulate further private sector involvement in Zambia’s energy sector. Further details are expected as the project progresses.
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Source: Africa.
