$100m power project on
Published On November 28, 2025 » 4239 Views» By Times Reporter » Latest News
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By JAMES KUNDA –
THE Presidential Constituency Energy Initiative (PCEI), will be jointly financed by Constituency Development funds (CDF), ZCCM Investment Holding and Commercial banks with an initial equity contribution of K2.3 billion (US$100 million) immediately available to commence the works.
The Ministry of Finance and National Planning, the Ministry of Local Government and Rural Development and ZCCM-IH would form a special purpose vehicle to drive the initiative, for which the total project cost was approximately $200 million or K4.6 billion with additional financing to be sourced from financial institutions and banks.
The Project manager for the PCEI, would be the Ministry of Energy, while the Ministry of Local Government and Rural Development would contribute equity through the Ministry of Finance and National Planning.

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