ZCCM-IH stakes $35m in Maamba power project
Published On September 6, 2024 » 478 Views» By Times Reporter » Stories
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By CHATULA KANGALI –
ZCCM-Investment Holding (ZCCM-IH) will contribute $35 million to the financing of the Maamba Energy Company construction and installation of an additional 300-Megawatt power plant.
The Maamba energy phase two project is expected to cost $400 million.
This is according to a market announcement posted by the Lusaka Securities Exchange Commission (LuSE) ,by order of the board by company secretary Charles Mjumphi.
ZCCM-IH stated that $100 million would be provided in the form of equity by the shareholders; Nava Bharat Singapore Pte Limited (NBS) and ZCCM-IH in proportion to their respective shareholding in MEL of 65 per cent and 35 per cent respectively

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