Zambia signs $2bn solar power development pact with UAE

Zambia and the United Arab Emirates (UAE) signed a $2-billion agreement to build solar plants in the Southern African country that will increase its generation base by more than half. The joint venture between Zambia’s state-owned power utility, Zesco, and a UAE government-owned renewable energy company, Masdar, targets the development of 2 000 MW of solar power projects, President Hakainde Hichilema said in a statement on his Facebook page.