By CHATULA KANGALI –
THE Copperbelt Energy Corporation (CEC) Renewables has paid out a coupon of $2.416 million in interest on the green bond for the half-year ended June 30.
The corporation attributed this achievement to its commitment to financial integrity and creating value for its investors.
In the half-year results posted by the Lusaka Security Exchange (LuSE), CEC said it would continue investing in requisite renewable energy generation infrastructure.
CEC said that a capital expenditure of $6.609 million had been spent in the same period.
“As of 30th June 2024, the cash balance stood at $11.501 million having paid out Green Bond Interest and $11.022 million paid in shareholder loans for amounts invested in the Riverside and Itimpi Solar Plants,” it stated.