100 MW Solar Project in Zambia Commissioned; Power Evacuation Begins
Nava's step-down subsidiary Maamba Solar Energy Ltd (MSEL), Zambia has commissioned a 100 MW solar power plant and started evacuating power to the Zambian grid.
By ScoutQuest · · 1 min read
- Solar Plant Capacity
- 100 MW
- Power Purchase Agreement Term
- 20-year PPA with ZESCO Limited
- Nava Global Stake in MSEL
- 65%
- ZCCM-IH Stake in MSEL
- 35%
- Project Status
- Commissioned and power evacuation to grid commenced
What was announced
Nava Limited informed the exchanges that its step-down subsidiary, Maamba Solar Energy Limited (MSEL), Zambia, has commissioned a 100 MW solar power plant. Power evacuation from the plant to the Zambian grid has commenced.
Offtake arrangement
- MSEL has a 20-year Power Purchase Agreement with ZESCO Limited, Zambia's national power utility.
- The PPA covers the entire power generated by the 100 MW solar plant.
Ownership structure
- MSEL is held 65% by Nava Global, the company's international arm.
- The remaining 35% is held by ZCCM Investments Holdings PLC (ZCCM-IH), a Zambian investment holding company.
Why it matters
The company describes this as a strategic milestone marking its formal entry into utility-scale renewable energy and a broadening of its portfolio beyond traditional core sectors of power generation, mining and ferro alloys. Management framed it as a step towards a diversified energy portfolio across geographies and a platform for future renewable ventures.
The release notes it contains forward-looking statements and that actual results may vary due to risks and uncertainties.
More numbers
- Solar plant capacity100 MW
- PPA tenure20-year
- Nava Global stake in MSEL65%
- ZCCM-IH stake in MSEL35%
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