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Amsons Group of Tanzania and Zambia’s Exergy Africa Limited have partnered to develop 1,300 megawatts of new power generation capacity.
The partnership includes 1,000MW of solar and 300MW of coal generation, said to represent a combined investment of US$900 million.
The agreement was signed in Lusaka on Tuesday, 9 December.
It is expected to expand the country’s generation capacity, improve grid reliability, support industrial growth and strengthen regional power cooperation across Southern and Eastern Africa.
Amsons Group Chief Executive Officer, Edha Nahdi, said in a statement in Lusaka on Wednesday that Zambia remained a key growth market for the company.
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“Zambia is a strategic growth market for us, and through this partnership, we are bringing our regional energy infrastructure, logistics capability, and clean energy investments to support Zambia’s development, industrialization, and power stability,” Nahdi said.
Exergy Africa Director, Monica Musonda, said the collaboration combines Exergy’s local market experience with Amsons Group’s regional operations.
“This partnership represents a major commitment to Zambia’s power sector and industrial future. By partnering with a group that already operates at scale across multiple African markets, we have paced ourselves to move faster, reduce project risk, and deliver reliable power where it is needed most,” Musonda said.
The planned investments are expected to enhance power stability for key industries, support new manufacturing and mining initiatives, and contribute to long-term economic growth. The projects will also create jobs during construction and operation.
Energy Minister, Makozo Chikote, who witnessed the signing, said the government supports private-sector participation in the energy sector as part of its multi-source energy strategy.
“This partnership will result in 500MW of new solar capacity added to the grid in 18 months. In 24 months, the full complement of 300MW of coal and the entire 1,000MW of clean solar will have been installed, effectively moving Zambia into a surplus power generation status,” he said.
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