World Bank approves $200 million grant to expand energy access in Zambia

The World Bank Board of Executive Directors has approved a US$200 million grant under the International Development Association (IDA) to support the 13th phase of the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) Program.

The funding is expected to deliver reliable and sustainable energy services to over one million Zambians within the next five years, particularly targeting remote and underserved communities.

According to a statement released by the World Bank, the ASCENT Zambia project aims to not only extend electricity access to households but also provide affordable and dependable power to businesses and industries — a key driver of economic growth and job creation.

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The project will also build on successful pilot initiatives, invest in modern technologies, and empower local communities to manage and maintain energy infrastructure.

“The ASCENT Zambia project is a testament to the World Bank’s commitment to supporting sustainable energy access for all Zambians, in line with the Zambia National Energy Compact under the Mission 300 Initiative,” said Yadviga Viktorivna Semikolenova, World Bank Practice Manager for Energy for Eastern and Southern Africa. “We are excited to embark on this new phase and look forward to the positive impact it will have on local communities,” he added.

The ASCENT Program is a multi-phase initiative designed to help countries across Eastern and Southern Africa achieve the Mission 300 goal — a continental target to connect 300 million people to electricity by 2030. Zambia’s participation marks the 13th phase of the regional programme.

“Partnerships are key to the success of the ASCENT Zambia project,” said Achim Fock, World Bank Country Manager for Zambia, adding, “We are grateful for the support of all partners and look forward to working together to help foster economic growth in Zambia through the provision of reliable energy to businesses and industries.”

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