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IDC Zambia and IFC cooperate on fast-track development of two 50 MW Scaling Solar projects
Lusaka, Zambia (Capital Markets in Africa) – International Finance Corporation (IFC), a member of the World Bank Group, has signed a memorandum of understanding with the Industrial Development Corporation of Zambia to explore development of two 50 MW solar PV independent power projects in Zambia through the Scaling Solar program. The projects would be Zambia’s first utility scale PV projects, providing competitively priced, clean power that would reduce Zambia’s dependence on hydro resources and diversify the…
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