Zambia to Provide Cheapest Electricity on Continent
With an assist from the World Bank, Zambia will build two solar power projects that will provide the cheapest electricity on the continent.
First Solar Inc., the largest panel producer in the United States, along with the French company Neoen, together will build a 45-megawatt plant that will produce electricity that will sell for just over six cents per kilowatt-hour. Enel, an Italian company, will build a 28-megawatt plant that will sell power for just under eight cents per kilowatt-hour.
The two solar farms will be built near a substation that sends power to Zambia’s capital, Lusaka.