Bangweulu Power Company Limited (DFC-2017-BANGWEULUPOWER)

Countries
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Bangweulu Power Company Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 19.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 19.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 20, 2020


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Project Description

According to bank documents, Bangweulu Power Company Limited will develop, construct and operate a solar photovoltaic independent power project with a generating capacity of approximately 55 MW (DC) that will sell electricity to ZESCO, the government-owned power utility, at a tariff rate that is amongst the lowest in sub-Saharan Africa. 

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

*Contact information not provided at the time of disclosure*