GreenCo Signs MOU with ZESCO for BESS Project
We are thrilled to announce the signing of a Memorandum of Understanding (MOU) with ZESCO Limited for a Battery Energy Storage Systems (BESS) project in Zambia. This partnership, formalized on 26th February 2024, marks a significant step towards achieving the goals outlined in Zambia’s Integrated Resource Plan (IRP). By collaborating with ZESCO, we are actively contributing to a sustainable and diversified future for Zambia’s energy landscape. ZESCO’s Managing Director, Eng. Victor Mapani, expressed enthusiasm for the partnership, highlighting its alignment with their mission of delivering reliable electricity services. Ana Hajduka, emphasized the strategic importance of this collaboration in advancing the IRP’s objectives and promoting renewable energy integration.
For the full details of this exciting development, click below to read the press release.
Collaborating with Maryland-based K&M Advisors, LLC, this project aims to enhance renewable power integration into Zambia’s grid, ensuring stability and reliability. Upon implementation, GreenCo’s BESS project will be one of the largest battery installations in Africa. It strategically places Zambia at the center of renewable energy trading across southern Africa, enabling energy traders to purchase and store renewable energy, fostering regional collaboration through the Southern African Power Pool (SAPP).
This Zambian pilot BESS project will inform recommendations for an expanded 400 megawatt-hour BESS portfolio in Zambia. Simultaneously, GreenCo, operating in Zambia, Zimbabwe, South Africa, and Namibia, is uniquely positioned to synchronize BESS expansion across these countries.
The feasibility study for Zambia’s first BESS project was awarded to GreenCo by USTDA – their support for GreenCo aligns with key U.S. government initiatives, including the Partnership for Global Infrastructure and Investment, Prosper Africa, and Power Africa. The study also contributes to the Global Partnership for Climate-Smart Infrastructure, connecting U.S. industry to significant clean energy projects in emerging economies as further described in last years White House press release titled “Fact Sheet: Vice President Harris’ Announces Initiatives to Advance the US Partnership with Zambia.”
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