Energy Markets
Zambia's CEC invests $500 million to improve transmission
Copperbelt Energy Corp. in Zambia will invest $500m over the next 2 years to double its capacity of an electricity transmission line into the Democratic Republic of Congo and increase the output of solar power, according to a senior official of the company. Copperbelt Energy Corporation owns the only power transmission line connecting Congo with the Southern African Power Pool. CEC's Chief Financial Officer Mutale Mukuka stated that CEC was looking to attract investors in order to finance projects, as the country is emerging from a four-year default on its sovereign debt. Mukuka said that he was looking to invest...