10th May 2024 – GreenCo supplies to First Quantum Minerals in Zambia in collaboration with ZESCO to help alleviate power crisis

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10th May 2024 – GreenCo supplies to First Quantum Minerals in Zambia in collaboration with ZESCO to help alleviate power crisis 

LUSAKA, ZAMBIA – Africa GreenCo Group’s Zambian subsidiary, GreenCo Power Services Limited, has negotiated an electricity supply agreement with First Quantum Minerals (FQM), in collaboration with ZESCO Limited to help source imported power and enable ZESCO to reduce the burden of load-shedding on the nation. This agreement marks a significant milestone in GreenCo’s commitment to providing innovative energy solutions across the Southern Africa region.

This strategic partnership between the public and private sectors enables FQM to source imported power and the transaction will see GreenCo supply a portion of the 54,000MWh that FQM will import monthly, helping reduce the burden on the national grid.

As Zambia’s largest copper producer, FQM operates the Kansanshi and Trident mines in North-Western Province, making a critical economic contribution to national export earnings, government revenue and employment. The company currently buys an average of 224,000 megawatt hours of electricity every month from ZESCO, which recently invoked the force majeure clause in its power supply agreements with some mines, signalling a need for supplementary power to be purchased from outside the country.

By continuous innovation and collaboration with ZESCO, GreenCo leverages its regional trading capabilities through the Southern African Power Pool (SAPP) to deliver energy solutions to its customers across the region.

For more information please see: PRESS RELEASE

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