Deputy General Manager - Smelter and Power Project.
Zambia’s electricity generation which is largely hydropower has climate change effects resulting into erratic rains and declining water levels in Kariba Dam which has adversely affected the electricity sector in Zambia. The country has experienced severe electricity supply deficit since June 2015 thereby resulting into intermittent power cuts country-wide.
Copperbelt Energy Corporation (CEC) who are the major supplier of electricity to the mines on the Copperbelt that also depend on the bulk supply of power from ZESCO, may not be able to supply adequate power to its customers.
Impact on Customers
The deficit thus far mentioned has the following effect on CEC customer base:
- Increased costs of doing business due to intermittent power supply.
- Hindrance to clients’ sustained operations and growth of their business.
- Loss of business revenue
- Inhibited economic growth of the country which has ripple effects.
Global Human Benefit Zambia limited (GHBZ) proposes to generate 200MW of power for the Copperbelt Energy Corporation. GHBZ intends to generate this 200MW power within 2 years, with a Power Purchase Agreement (PPA) in place. This amount of power will be generated in phases; the first phase of 20MW within Six months scalable to 100MW after one year. The maximum power generation of 200MW for CEC will be achieved within two years. GHBZ’s system of generating this electric power is based on renewable technology of Waste-to-Energy. The system is designed to extract all contaminants through its proprietary extraction methodology. It then converts the contaminants into fuels. The clean fuel is then used to generate electricity with minimal or zero effect from climate change thus guaranteeing constant power availability. The technology being applied is very environmentally friendly.
GHBZ will invest a minimum financial capital of US$300 Million to set up the Energy Generation Plant in Kitwe, Zambia, to supply/connect to the CEC grid.
GHBZ and CEC negotiations have reached at an advanced stage with regards to off-take of power by CEC.
Discussions are expected to be concluded in 2020.