Africa GreenCo Advances Zambian Solar Projects as Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025
Delivering tailored energy solutions, Africa GreenCo supports businesses, utilities and renewable energy developers in Africa by facilitating renewable energy trade and distribution. Recent developments reflect this, while supporting the expansion of the continent's renewable energy sector. Hajduka will share insights into these projects during AEW: Invest in African Energies 2025, while engaging with renewable energy developers and financiers active across the continent.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.
To date, Africa GreenCo has facilitated the trade of over 1 TWh of electricity and continues to champion the role of market-based solutions in achieving energy security and decarbonization in Africa. Africa GreenCo signed a head of terms for a long-term power purchase agreement with pan-African energy group AXIAN Energy to develop two grid-connected solar PV projects in Zambia. Once operational, the projects will add 25 MW of renewable energy to Zambia's national grid, helping alleviate electricity shortages, improve reliability for businesses and support the country's long-term industrial growth. The projects will be developed with support from financial services provider Standard Bank.
Meanwhile, the company's subsidiary GreenCo Power Services will purchase electricity from Zambia's 32 MW Ilute Solar Project under a recently signed a power purchase agreement, enabling cross-border trade via the Southern African Power Pool (SAPP). This innovative arrangement eliminates the need for sovereign guarantees, positioning GreenCo as a key player in advancing regional integration and private-sector investment in Africa.
In November 2024, GreenGo Finance Solutions – Africa GreenCo's Zambian subsidiary – signed a $55.5 million facilities agreement with financial institution Stanbic Bank Zambia and Standard Bank to support emergency electricity imports in Zambia. The facility enables the prepayment of over 130 MW of cross-border power supply, easing liquidity constraints for local offtakers and bolstering energy security in the country. The agreement follows Africa GreenCo's instrumental role in facilitating a 125 MW power import deal between Zambia's state utility ZESCO, mining major First Quantum Minerals (FQM) and regional suppliers. Jointly financed by Africa GreenCo and FQM, the arrangement delivers 85 MW to Zambia's national grid and allocated 40 MW to FQM's operations.
In October 2024, GreenCo Power Services achieved a significant regulatory milestone with the award of a domestic trading and import/export licenses from South Africa's National Energy Regulator. The licenses enable Africa GreenCo to operate within South Africa's competitive electricity market and to facilitate cross-border transactions through the SAPP – creating a critical channel for dispatching surplus clean power across the region.
'Africa GreenCo's model reflects the future of energy in Africa – private-led, regionally interconnected and powered by clean energy. Ana Hadjuka's participation at AEW: Invest in African Energies 2025 will offer vital insights into how blended finance, cross-border trade and regulatory innovation can converge to solve Africa's most pressing power challenges,' states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
American Tower Corporation (ATC) Nigeria Partners with ProFuturo Foundation to Transform Educational Landscape in Nigeria through Digital Innovation and Technology
The partnership is expected to directly benefit over 5,600 children and educators from 11 schools from three states in the country. This collaboration in Nigeria is a key part of a global partnership between American Tower and ProFuturo Foundation focused on reducing gaps in access, use and quality of educational resources in seven countries in Africa and Latin America. ATC Nigeria ( a leading provider of telecommunications infrastructure, and ProFuturo Foundation, a global initiative for educational innovation through technology, established by the Telefónica Foundation and the 'la Caixa' Foundation, are proud to announce their partnership with the Kukah Centre to collaborate under the ProFuturo Program in Nigeria. This collaboration will facilitate the distribution of kits, each one containing a computer, tablets, router, projector, and other essential components, which will enhance digital access and learning opportunities for students. Through its Digital Communities program, which provides digitally connected, technology-equipped spaces offering digital literacy and education for youth, financial education and vocational training for adults, and healthcare services, ATC Nigeria believes that this partnership with ProFuturo will reach youths and students across the country. The initiative and signing between ATC Nigeria and ProFuturo Foundation, where local authorities were present, underscores the commitment of both organizations to address the educational digital divide. Its goal is to enhance the understanding of vulnerable school contexts to promote innovative teaching practices more effectively and to strengthen the digital transformation of education. Pieter Van Der Westhuizen, CEO of ATC Nigeria, praised the initiative, stating: 'At ATC Nigeria, we are proud to support this impactful collaboration, which brings digital tools directly into classrooms. Through our collaboration with the ProFuturo Foundation, our Digital Communities program is expanding access to technology and equipping the next generation with the skills they need to thrive in a digital world.' Magdalena Brier, General Manager of ProFuturo Foundation, celebrates this agreement that "reinforces the commitment of the two organizations against the digital divide and the education gap. The alliance between ProFuturo Foundation and American Tower is a big step to improve educational opportunities for the most vulnerable. We are very honored with their support for what we have been doing since 2016 and I continually think about each of the teachers, boys and girls who will benefit, because, together, we are going to contribute to transform their lives." Initially focused on 11 schools in three States –Kano, Kebbi and Tarabata– the partnership is expected to directly benefit over 5,600 children and 34 teachers, even in areas with limited connectivity. By equipping schools with these kits, the initiative aims to bridge educational disparities generated by the digital divide. The kits are designed to enrich the learning experience, support interactive teaching methods, and provide students with access to a wealth of digital educational content. Distributed by APO Group on behalf of American Tower Corporation. Media Contacts: ATC Nigeria: Aderonke Adebanjo ProFuturo: Rafael Cobo Mobile: +34 647665488 About ATC Nigeria: ATC Nigeria is a subsidiary of American Tower Corporation, one of the largest global Real Estate Investment Trusts (REITs) and a leading independent owner, operator and developer of multi-tenant communications real estate. ATC Nigeria owns and operates over 8,600 telecommunications sites across the country, helping mobile network operators and other telecommunications service providers confidently deliver communications connectivity to consumers throughout Nigeria. For more information, visit: About ProFuturo Foundation: ProFuturo Foundation is an initiative of educational innovation with technology launched by Telefónica Foundation and "la Caixa" Foundation to reduce the educational gap in the world by providing quality education to children in vulnerable environments in Latin America, the Caribbean, Africa and Asia. Its intervention model is based on the evidence of impact provided by continuous monitoring processes, studies and evaluations. The ProFuturo program uses innovative teaching methodologies to help teachers and students develop competencies to face the challenges of the 21 st century. The program works with other institutions and companies and aims to create a large international network of teachers who teach, learn and share knowledge to achieve, together, a better education in the world.
Zawya
an hour ago
- Zawya
Egypt's production of gold, silver up 14% YoY in FY2024/25: Badawi
Egypt's production of gold and silver reached almost 640,000 ounces during fiscal year (FY) 2024/2025, with an increase of about 14% over the previous year, Minister of Petroleum and Mineral Resources Karim Badawi announced. During his speech at the fourth edition of the Egypt Mining Forum 2025, Badawi highlighted that the sales of gold and silver increased by nearly 57% to $1.54 billion in FY 2024/2025. He also announced the production of almost 26 million tons of ores and © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
Egypt: CBE returns bank withdrawal cap to $5065
The Central Bank of Egypt (CBE) issued an official letter to state-based lenders that the maximum daily cash withdrawal limit from branches has returned to its normal level of EGP 250,000, for both individuals and companies, effective on July 15th. The temporary decision is a part of exceptional measures due to the effects of the Ramses Central fire, which affected the operational systems of some banks. Accordingly, the CBE decided to return to its usual policies to control cash liquidity in the market after telecommunications and internet services resumed operations. On July 8th, the CBE raised the daily limit for cash withdrawals in local currency to EGP 500,000 amid network disruptions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
