A significant renewable energy project is underway in Zambia to establish a power station capable of generating 71 megawatts of electricity, which is a joint effort between Israel’s Gigawatt Global and Gigawatt Wind. The unique aspect of this project is that it aims to harness both solar and wind energy, with each contributing half of the total power output
The $100 million investment in the power station was finalized last week during the visit of Zambian President Hakainde Hichilema to Israel.
The journey towards this milestone has been extended, spanning seven years of negotiations and efforts by the involved companies. However, progress was finally accelerated with the president’s visit, whose approval last week provided the crucial green light the companies had eagerly awaited.
The companies now have an Investment License with Zambia Development Agency and an Implementation Agreement with the Energy Ministry. The president gave Zambia’s power utility company an executive order last week to provide the final signature
