Government gets US$50 million loan from ADB


The Zambian government and the African Development Bank (ADB) have signed a US$50 million loan which will be used to support the Itezhi-Tezhi hydro power and transmission line project.

The loan will be used towards financing the construction and operation of a 120 megawatt hydro plant at Itezhi tezhi dam along the Kafue river.

Speaking at the signing ceremony in Lusaka,

Minister of Finance Alexander Chikwanda said once completed, the project will increase the country’s power supply which at the moment stands at 1,000 megawatts.

Mr. Chikwanda explained that the increase in electricity generation and distribution will assist in reducing the erratic power supply which is currently being experienced in the country.

He said it will also contribute to providing adequate energy to complement the country’s fast growing economy.

Mr. Chikwanda added that ADB has been a significant partner to Zambia through the provision of support in infrastructure and strengthened management systems in various sectors of the economy.

He cited the development of the Victoria Falls power transmission project in the Energy sector, the establishment of Lukanga water in the Water and Sanitation sector, and the formation of Kaleya holdings in the Agriculture sector as some of the valued contributions the bank has made to Zambia.

He hoped that preliminaries that are necessary to launching the project will be met so that site works can commerce soon.

And ADB Vice- President for Operations, Infrastructure, Private Sector and Regional Integration, Gilbert Mbesherubusa, disclosed that the Itezhi tezhi hydro- power project was economically attractive adding that its development will help address Zambia’s growing power deficit.

Mr. Mbesherubusa said the project was a milestone as it will open Zambia’s first Public Private Partnership (PPP) in the Energy sector.

He said the project was also critical for planning the long-term and sustainable performance of the Zambia Electricity Supply Corporation (ZESCO), equitable tariff structures and the provision of a reliable service that underpins the economic growth of the nation.

He explained that the Southern African region is experiencing power deficit.

Mr. Mbesherubusa further charged that this was why the Itezhi tezhi hydro- power plant project will improve the reliability of electricity supply and enhance energy security in Zambia.


  1. Can dynamic keyword insertion (DKI) be the
    answer to poor quality traffic. This article on the first internet pages dope not provide any kind of information, its purpose should be
    to promote a phrase in hopes that once a site visitors lands there they will go
    to the homepage. Use site maps – If you have quite a huge website, use
    a site map which enable linkages from one page to another.

  2. Hi there, I discovered your site via Google even as looking for
    a similar topic, your site got here up, it seems great.

    I have bookmarked it in my google bookmarks.
    Hi there, simply became alert to your weblog via Google,
    and found that it’s truly informative. I’m going to be careful for brussels.

    I’ll appreciate if you proceed this in future.
    Lots of other folks shall be benefited from your writing.


  3. Pay-per-click marketing, commonly called PPC marketing,
    will be of getting traffic at any web page of the
    website, the paid method. Along organic results for looked
    requests, backed ads can also be shown on the SE result pages with.
    These advertisements’ placement depends upon many elements including click-through-rate and quality score the amount, for the advertising
    campaign, the researched problem with all the keyword number and targeted
    URL’s relevance, etc.

  4. My brother suggested I might like this web site.
    He was totally right. This post truly made my day.
    You cann’t imagine simply how much time I had spent for this information! Thanks!

  5. I’m truly enjoying the design and layout of your website.
    It’s a very easy on the eyes which makes it much more enjoyable for me to come here
    and visit more often. Did you hire out a designer to create your theme?
    Excellent work!

  6. Excellent way of explaining, and fastidious piece of writing to get facts about my presentation focus,
    which i am going to deliver in institution of higher education.