Ngonye Solar Power Station
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Ngonye Solar Power Station
Ngonye Solar Power Station (NSPS), is a solar power plant in Zambia. The solar farm that was commercially commissioned in April 2019, was developed and is owned by a consortium comprising Enel Green Power of Italy, a multinational renewable energy corporation, and the ''Industrial Development Corporation of Zambia'' (IDC), a parastatal company. The power station cost about US$40 million to develop. Location The power plant is located in the ''Lusaka South Multi-Facility Economic Zone'', in Kafue District, in Lusaka Province, approximately , by road, southeast of the central business district of Lusaka, the capital of Zambia and the largest city in that country. The geographical coordinates of Ngonye Solar Power Station are 15°31'03.0"S, 28°25'44.0"E (Latitude:-15.517500; Longitude:28.428889), situated immediately south of Bangweulu Solar Power Station. Overview The Government of Zambia, through IDC Zambia, working with the World Bank Group, as part of the bank's program "S ...
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Zambia
Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are the Democratic Republic of the Congo to the north, Tanzania to the northeast, Malawi to the east, Mozambique to the southeast, Zimbabwe and Botswana to the south, Namibia to the southwest, and Angola to the west. The capital city of Zambia is Lusaka, located in the south-central part of Zambia. The nation's population of around 19.5 million is concentrated mainly around Lusaka in the south and the Copperbelt Province to the north, the core economic hubs of the country. Originally inhabited by Khoisan peoples, the region was affected by the Bantu expansion of the thirteenth century. Following the arrival of European exploration of Africa, European explorers in the eighteenth century, the British colonised the r ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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Solar Power Stations In Zambia
Solar may refer to: Astronomy * Of or relating to the Sun ** Solar telescope, a special purpose telescope used to observe the Sun ** A device that utilizes solar energy (e.g. "solar panels") ** Solar calendar, a calendar whose dates indicate the position of the Earth on its revolution around the Sun * Solar Maximum Mission, a satellite * SOLAR (ISS), an observatory on International Space Station Music * "Solar" (composition), attributed to Miles Davis * ''Solar'' (Red Garland album), 1962 * ''Solar'' (Taeyang album), 2010 * ''Solar'', a 2011 album by Rubik * "Solar", a song by Northlane from ''Mesmer'', 2017 * SOLAR Records, a record label Geography * Solar (Spanish term), a type of urban site * Solar, County Antrim, Northern Ireland, United Kingdom * Solar, Erode, India * Solar, Iran, Iran Companies * Solar Entertainment Corporation, a Philippines television and radio media company * Solar TV, a former TV channel * Solar Television Network, Inc., a former name of ...
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Power Stations In Zambia
Power most often refers to: * Power (physics), meaning "rate of doing work" ** Engine power, the power put out by an engine ** Electric power * Power (social and political), the ability to influence people or events ** Abusive power Power may also refer to: Mathematics, science and technology Computing * IBM POWER (software), an IBM operating system enhancement package * IBM POWER architecture, a RISC instruction set architecture * Power ISA, a RISC instruction set architecture derived from PowerPC * IBM Power microprocessors, made by IBM, which implement those RISC architectures * Power.org, a predecessor to the OpenPOWER Foundation * SGI POWER Challenge, a line of SGI supercomputers Mathematics * Exponentiation, "''x'' to the power of ''y''" * Power function * Power of a point * Statistical power Physics * Magnification, the factor by which an optical system enlarges an image * Optical power, the degree to which a lens converges or diverges light Social sciences and politi ...
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Ngonye Hydroelectric Power Station
The Ngonye Falls Power Station, is a planned hydroelectric power station across the Zambezi River in Zambia. The power station will have maximum generating capacity of when completely developed. The energy will be sold to ZESCO under a long-term power purchase agreement. It is named after the nearby Ngonye Falls. Location The power station will be located on the east bank of the Zambezi River, near the town of Sioma, in the Sioma District of the Western Province of Zambia. Sioma is located approximately , by road, south of the city of Mongu, the provincial capital. This is approximately by road, northwest of the town of Sesheke at the international border with Namibia's Caprivi Strip. Overview The power station will be a run-of-river type, without an impounding dam or large water reservoir. A canal on the western bank of River Zambezi will divert the fast-running water to the power station, where the water will turn turbines to generate electricity. A new 220k ...
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List Of Power Stations In Zambia
Zambia has five large power stations, of which four are hydroelectric and one is thermal. A fifth hydroelectric power plant is under construction at Itezhi-Tezhi Dam (120MW) along with a coal powered power station at Maamba (300MW) as of 2015. There are also a number of smaller hydroelectric stations, and eight towns not connected to the national power transmission grid are served by diesel generators. In 2014 the combined power generation from an installed capacity of 2,396 MW was 14,453GWh, of which 91.2% came from hydroelectric plants. The majority of the plants are owned and operated by ZESCO, the national power utility. Hydroelectric Operational Under construction Thermal Operational Solar Other Projects In March 2022Chariot Limitedof the United Kingdom together witTotal Erenof France and Canadian mining giant First Quantum Minerals entered into a partnership to develop a 430MW solar and wind power project in Zambia. References {{Power stations Zam ...
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European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crash and the COVID-19 pandemic. Since its inception in 1958 the EIB has invested over one trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in the world to issue Green bond, ...
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International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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Consortium
A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. is a Latin word meaning "partnership", "association" or "society", and derives from ("shared in property"), itself from ("together") and ("fate"). Examples Educational The Big Ten Academic Alliance in the Midwest and Mid-Atlantic U.S., Claremont Colleges consortium in Southern California, Five College Consortium in Massachusetts, and Consórcio Nacional Honda are among the oldest and most successful higher education consortia in the World. The Big Ten Academic Alliance, formerly known as the Committee on Institutional Cooperation, includes the members of the Big Ten athletic conference. The participants in Five Colleges, Inc. are: Amherst College, Hampshire College, Mount Holyoke College, Smith College, a ...
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Power Purchase Agreement
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counter parties. Contractual terms of a PPA may last anywhere between 5 and 20 years, during which time the power purchaser buys energy, and sometimes also capacity and/or ancillary services, from the electricity generator. Such agreements play a key role in the financin ...
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ZESCO
ZESCO (acronym for Zambia Electricity Supply Corporation Limited) is a state-owned power company in Zambia. It is Zambia's largest power company producing about 80% of the electricity consumed in the country. ZESCO represents Zambia in the Southern African Power Pool. Operations The company operates nine hydropower stations with a combined capacity of 2,217.5  MW and eight small thermal power plants with a combined capacity of 11.3 MW resulting in a total installed capacity of 2,228.8 MW. The company also owns and operates power distribution and transmission lines of 9,975 km. ZESCO has formed power purchase agreements with private companies that own power plants in Zambia. It purchases the power produced and feeds is directly into the national grid. GL Africa Energy provides the national grid through ZESCO with over 105 MW of power under this agreement. ZESCO owns 40% shares in EL Sewedy Electric Zambia Limited. In June 2022, ZESCO signed a 13-ye ...
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