11/09/2026
ZESCO SIGNS MOU WITH ZAANGO ASPIN LIMITED FOR 600MW GAS-FIRED POWER PROJECT
ZESCO Limited has signed a Memorandum of Understanding (MoU) with Zaango Aspin Limited for the development of a 600-megawatt (MW) gas-fired power project.
Speaking at the signing ceremony held on September 4, 2026 at Protea Hotel in Lusaka, ZESCO Limited Acting Managing Director, Mr. Fitzpatrick Kapepe, said:
“This agreement is an important milestone in our efforts to increase generation capacity and ensure adequate and reliable electricity supply to support Zambia’s socio-economic development.”
Mr. Kapepe added that ZESCO will continue to work with Independent Power Producers (IPPs) to accelerate investment in new generation projects to meet the country’s growing electricity demand.
Meanwhile, Zaango Aspin Limited Group Chief Executive Officer, Mr. Emilio Palu Matumbi, commended the Government for creating a conducive investment environment in Zambia’s energy sector.
“We thank the Government for creating an environment that gives investors the confidence to come to Zambia and invest in the energy sector. We further commend ZESCO for facilitating private-sector participation in the energy sector,” he said.
The signing comes as President Hakainde Hichilema begins his second term with the “Grow Zambia Agenda”, which sets ambitious economic targets for the next five years.
These include: 10 million tonnes of maize, 10,000MW of electricity, 5 million tourists, 3 million tonnes of copper, 3 million tonnes of Soyabeans, 1 million tonnes of wheat, 1 million tonnes of sugar, and USD $1 billion in beef exports.
Achieving these targets will require significant investment in the electricity sub-sector, a key driver of economic growth.
ZESCO has already moved to accelerate private sector participation to enhance the stability and reliability of electricity supply.
Once implemented, the 600MW gas-fired power project is expected to strengthen electricity supply to households, businesses, and industries, and contribute to Zambia’s long-term energy security and economic development.
©️Zesco