LUSAKA, Jan. 28 — Zambia and Norway on Wednesday signed an agreement to unleash private-sector investment in renewable energy and support global climate action.
The agreement seeks to promote private-sector investment in green and clean electricity generation technologies. The partnership is expected to facilitate the addition of about 300 megawatts of green electricity to Zambia’s national grid and reduce up to 3.5 million tons of carbon dioxide emissions.
Zambian Minister of Green Economy and Environment Mike Mposha said that the agreement comes at an opportune time as Zambia is working to diversify its energy sources beyond hydropower in order to improve energy security.
According to the minister, the agreement is intended to provide incentives for independent power producers to generate clean energy.
Norwegian Minister of Climate and Environment Andreas Bjelland Eriksen said his country is pleased to deepen cooperation with Zambia to support measurable emission reductions and increased clean energy investment. (Namibia Daily News / Xinhua)
