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dam-l zambia to get loans for dams/LS
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x/2000/06/07/xh/0000-5773-.dstenergy_05
Zambia Gets Loan Pledges to Build New Power Stations
( June 07, 2000 )
LUSAKA (June 7) XINHUA - Zambia has received pledges of loan from several
international financiers and other partners for the construction of new
hydro-electric power stations in the country, Zambia Daily Mail newspaper
reported on Wednesday.
Deputy Energy Minister Celestino Chibamba confirmed the development but
could not disclose details regarding the financiers and the total pledges.
The Common Market for Eastern and Southern Africa (COMESA) recently
challenged Zambia to take advantage of an impending power shortage in South
Africa by investing in new power stations.
The newspaper quoted Chibamba as saying that Zambia would exploit the
situation by expanding its power generation base by rehabilitating existing
hydro-electric stations and building new ones.
According to Chibamba, the country is currently undertaking a power
rehabilitation exercise that is expected to cost about 210 million U.S.
dollars.
About 75 million dollars has already been released by the International
Development Agency of the World Bank to start implementing the Power Reform
Program (PRP).
The government administered program is financed by the Development Bank
of Southern Africa, the Finnish International Development Agency, the European
Investment Bank and some other countries and international organizations.
Meanwhile, at least six international groups has expressed interest in
developing Zambia's 80 megawatt Itezhi Tezhi Hydropower project.
Once completed, the project would boost the country's capacity to export
electricity to Tanzania, Zimbabwe, the Democratic Republic of the Congo and
Kenya.
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Lori Pottinger, Director, Southern Africa Program,
and Editor, World Rivers Review
International Rivers Network
1847 Berkeley Way, Berkeley, California 94703, USA
Tel. (510) 848 1155 Fax (510) 848 1008
http://www.irn.org
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