The Copperbelt Energy Corporation (CEC) has confirmed it is in advanced discussions with state-owned utility Zesco to jointly roll out solar power plants across Zambia, in a strategic move to enhance the nation’s electricity generation capacity and accelerate the shift toward renewable energy.
Speaking during a panel discussion at the recent Invest in Zambia international conference, CEC Head of Government Relations, Sylvester Hibajene, reaffirmed the company’s commitment to supporting Zambia’s energy transition. He said CEC is actively scaling up its solar footprint, with plans to deliver 230 megawatts peak in the near term, part of a broader goal to generate up to 500 megawatts of solar power countrywide.
The ambitious expansion is backed by a $200 million green bond—one of the largest of its kind in Zambia’s energy sector—underscoring CEC’s determination to lead in clean energy development and reduce the country’s dependence on hydropower.
Mr. Hibajene emphasized that collaboration with Zesco, the country’s main electricity supplier, is essential for sustainable growth. He revealed that the two entities have already established a joint planning team tasked with aligning project goals, optimizing resource use, and avoiding duplication as they roll out solar facilities across different provinces.
In a show of government support, Ministry of Energy Permanent Secretary for Electricity, Arnold Simwaba, applauded the partnership, noting that public-private collaboration is crucial in achieving Zambia’s long-term energy security and electrification goals. He called on more private sector players to step forward and invest in the country’s growing renewable energy market.
The announcement comes at a time when Zambia is seeking to diversify its energy mix amid increasing demand and climate variability that has affected hydropower reliability. The new solar projects are expected to not only boost national capacity but also stabilize the grid and support rural electrification efforts.
CEC’s momentum in the energy sector is also reflected in its financial performance. In May 2025, the Lusaka Securities Exchange (LUSE) named the company the most valuable listed firm on the market, with a valuation exceeding $1.2 billion. The achievement marks a historic milestone for an indigenous Zambian company and underscores investor confidence in CEC’s long-term strategy.
With the solar rollout on the horizon, CEC and Zesco’s collaboration signals a turning point for Zambia’s energy future—one that is greener, more resilient, and driven by local innovation and partnerships.