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ZENGAMINA POWER LIMITED

Company Profile

Company :ZENGAMINA POWER LIMITED
City :Ikelenge
Country :
Zambia
Industries :
Electricity, water, gas, nuclear, energy
Website :
Company Description

ZPL is a rural power utility company focused on generating and distributing electricity as a service to its approximately 1,000 customers. ZPL was founded in 2004, the year in which it began construction on a 700kW run-of-the-river hydro plant and associated grid, which it commissioned in 2007. Originally funded by European and African donors through the North West Zambia Development Trust (NWZDT), ZPL’s primary mission has been to provide base load electricity to commercial, residential, and institutional customers with the goal of stimulating economic growth in the Ikelenge District.  Recently, ZPL partnered with Virunga Power, a Nairobi-based energy developer, investor, and operator, and Hydro Electric Power (“HEP”) a Zambian energy company.  ZPL will build upon its legacy and initiate a new drive of economic growth and social development in the district, while also implementing the operational and commercial changes required to return the Company to profitability and making the investments required for growth.  Examples of these efforts are ZPL’s recently approved tariff increase by the regulator, and the development and marketing of a 5-year, ~$15M investment program that would result in ~4.5MW of additional generation and storage capacity and an expansion of the grid to up to 5000  households in the Ikelenge District.