Zambia has started rationing electricity supply to mining firms following reduced power generation after a big drop in water levels in lake Kariba, the chairman of state-owned power utility Zesco said on Tuesday. Water levels in the lake were down at 1.66% of usable storage on Monday for the Kariba North Bank Power Station in Zambia and the Kariba South Bank Power Station on the Zimbabwean side of the lake, said the Zambezi River Authority, which manages the dam.
Infrastructure development funds, Emerging Africa Infrastructure Fund (EAIF) and Private Infrastructure Development Group (PIDG), have announced a €25-million finance facility to Ivoire Hydro Energy (IHE), which will build a 44 MW hydroelectric generation plant on the Bandama river near the village of Singrobo, in Côte d’Ivoire.
EAIF’s long-term financing package enables IHE to achieve financial close for the project, accelerating the design, construction and operation of the power plant and associated infrastructure and boosting rural access to clean energy.
The Democratic Alliance (DA) said on Tuesday that it is “implacably” against the African National Congress’s (ANC’s) intention to move Eskom from the Department of Public Enterprises to the Ministry of Energy, overseen by Mineral Resources and Energy Minister Gwede Mantashe. The DA said the move also had potentially significant financial implications for the country.
Zambia President Hakainde Hichilema says he will engage his Zimbabwean counterpart, Emmerson Mnangagwa, in a private “family conversation” over the use and management of the hydro plant at Kariba Dam. This at a time when both Zimbabwe and Zambia are experiencing reduced electricity generation because of low water in the dam.
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