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Zambia Renewable Energy Financing Framework

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


GCF results area
  • Energy generation and access
UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

  • Africa
  • Zambia ZM

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • African Development Bank Loan USD
  • NAPSA / Commercial Banks / Other investors Loan USD
  • Project Sponsors Equity USD
  • African Development Bank Grant USD

Project owners

Accredited Entity Executing Entity
  • African Development Bank
Zambia Renewable Energy Financing Framework Approved February 2018 Est. implementation period 5.0 years
Supporting the Government of Zambia catalyze private investment in the renewable energy sector to boost electricity generation and diversify the country's energy mix.

Energy generation in Zambia relies almost entirely on hydro power, accounting for nearly 90 percent of its total installed generation capacity. While the country's electrification rate stands at approximately 27.9 percent, it is facing a serious electricity supply deficit from recent droughts.

This initiative will support the Government of Zambia's Renewable Energy Feed-in Tariff (REFIT) policy to develop 100 MW of renewable projects, mostly solar power, through long-tenor project loans. It will provide technical assistance to build capacity for rural electrification, currently at 4 percent, and help local financial institutions carry out renewables and project finance.

The project has an estimated lifespan of 23 years.
Accredited Entity
  • African Development Bank (AfDB) Mr. Al-Hamndou Dorsouma Tel: +225 20 26 42 19
Country Partner
  • National Planning Department, Ministry of Finance Zambia Mr. Chola Chabala
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