Sunday, October 20, 2019
Add this page to Blinklist Add this page to Del.icoi.us Add this page to Digg Add this page to Facebook Add this page to Furl Add this page to Google Add this page to Ma.Gnolia Add this page to Newsvine Add this page to Reddit Add this page to StumbleUpon Add this page to Technorati Add this page to Yahoo


ideas have consequences

You are here:Home>>Strategic Research & Analysis>>Zambia's Copperbelt to Invest $164M in Nigeria's Electric Power
Tuesday, 26 February 2013 03:52

Zambia's Copperbelt to Invest $164M in Nigeria's Electric Power

Written by Administrator
Electric wire-cables in Onitsha, south-east Nigeria.       photo:Annschunior Electric wire-cables in Onitsha, south-east Nigeria. photo:Annschunior

 

A Zambian energy corporation -  Copperbelt Energy is a buying a stake at the tune of $164 million in Nigeria's Electricity Distribution Company that is headquartered in Abuja, the country's federal capital.

 

Copperbelt Energy Corporation is a  "Zambian investor, developer and operator of energy infrastructure in Africa by providing innovative solutions and building strategic partnerships through committed professional teams".

 

 

Reuters News reported that,  "Zambia's Copperbelt Energy Corporation said on Monday its Kann Utility joint venture would pay $164 million for a 60 percent stake in Nigeria's Abuja Electricity Distribution Company. Kann is half owned by the Zambian power company and half owned by XerXes Global Investments."

 

 

About Copperbelt Energy Corporation:

 

Copperbelt Energy Corporation operates and maintains a network comprising transmission, distribution and generation assets and a control centre on the copperbelt.

 

CEC’s transmission and distribution network consists of 900 kilometres of overhead lines and 38 high voltage substations. The current carrying capacity of the network is in excess 700MW. CEC also serves the region by operating an interconnector with the Democratic Republic of Congo (DRC), through which power is wheeled to Zambia, Zimbabwe and South Africa.

 

 

CEC business

Formed in 1997 from privatisation of ZCCM

 

Business: Electricity utility operating on the Copperbelt Province of Zambia

 

Supply of power to mines

 

Power transmission for ZESCO and SNEL (DRC)


Telecommunications (Carrier of carriers on the Copperbelt)

Infrastructure


900km of 220kV and 66kV transmission lines

 

80MW of gas turbine generation

 

38 major substations

 

520km of optic fibre on power lines

 

A peak demand of 487MW was achieved in November 2010

 

Demand is projected to increase to 750-800 MW by 2012

 

Power wheeled for other parties

 

270MW in respect of ZESCO Copperbelt loads

 

210MW in respect of SNEL exports to SAPP

 

source: CEC website

 

 

Last modified on Tuesday, 26 February 2013 13:58

Add comment