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Botswana to Export Power to Zambia Under Zesco Deal

Botswana to Export Power to Zambia Under Zesco Deal

From Lusaka Times

Zesco has signed a deal with Australia’s African Energy Resources to transmit power to Southern Province from the Aussie firm’s coal-fuelled station in Botswana.

The memorandum of understanding (MoU) was signed for the importation of 300 megawatts of base load electricity power from the Sese Coal and Power project in Botswana.

The Australian-based exploration company will undertake a desktop study to evaluate preferred options for the transmission and integration of power supply from Sese into Southern Province.

The report says preliminary studies have confirmed that there are no material flaws in the transmission options under evaluation.

According to information posted on Proactive Investors Australia website the agreement is non-binding at this stage with Zeasco and Maysen and Borowski Investments, an Australian corporate advisory firm.

“Zesco will provide access to its technical capability and information to assist with the study, and Maysen and Borowski will assist African Energy Resources Limited and Zesco in meeting key objectives,” the report says.

The parties have agreed to explore the potential for the delivery of 300MW of base-load electrical power from African Energy Resources’s Sese Coal and Power project into Zesco’s grid, 500 kilometres to the north. African Energy Resources’ shares may trade firmer after signing [this] agreement,” it says.

The report says Zambia is currently experiencing a period of strong economic growth centred on new mine and smelter developments in Copperbelt Province.

Read more at Lusaka Times