Post Summit Report 2025

Itimpi II went into service at Kitwe in May at a cost of $125.8 million, funded entirely from Copperbelt Energy Corporation's $200 million green bond. It is the largest operational solar plant in Zambia, and it was built without a sovereign guarantee standing behind the paper.

CopperTech Metals has announced $1.5 billion for the Konkola expansion, on top of Vedanta's $1 billion commitment, as KCM works toward 300,000 tonnes by 2031.

Two 150MW units have been under construction at Sinazongwe since August 2024, financed largely by Zambian pension money and contracted to ZESCO in full. Once running, Maamba Energy would supply around 18% of national generating capacity, with a 100MW solar plant alongside taking the site to 700MW.

A 10% duty on copper concentrate exports was suspended in August 2025 and the waiver has been extended to the end of this month. It currently covers 271,742 tonnes across six producers, with Mopani holding the largest quota at 100,000 tonnes. The duty is intended to favour domestic processing.

Statutory Instrument 128 of 2026 sets the terms on which a company other than ZETDC may sell electricity in Zimbabwe. Licences run twenty-five years, are awarded by competitive bidding, and cap tariffs at the state utility's approved rates. No private operator has yet been named as an applicant.

TotalEnergies has agreed a 1.8-billion-dollar infrastructure deal with Global Infrastructure Partners, selling equity stakes in its African pipeline and export network. The transaction secures institutional capital from the BlackRock subsidiary while maintaining operational control through a fifteen-year throughput tariff framework.

Kenya Power has started work on a KSh900 million transmission line to connect Lodwar to the national grid, decommissioning a weather-vulnerable diesel generator facility that costs the utility the same amount to run annually.

Camco built REPP 2 expecting commercial investors in the debt tranche and development finance institutions in the equity. Speaking to ENN, Fund Director Benjamin Hugues says the opposite happened within the equity, and puts it down to defence spending shrinking the development finance available and Western governments choosing returnable capital over grants.