en.Wedoany.com Reported - ARC Power has signed a cooperation agreement with Kiyona Energy to jointly develop a utility-scale solar power project in Zambia, with an initial investment of $60 million, aimed at enhancing the stability of the country's power grid and increasing the share of clean energy.

The partnership is based on the Framework Agreement for Utility Scale Electrification (FUSE) model, created by ARC Power with support from the International Finance Corporation (IFC), designed to attract private investment into large-scale energy projects in Africa while addressing challenges such as limited financing options and weak power infrastructure.

The project will provide reliable, clean electricity to Zambian households, businesses, and industries. By integrating utility-scale solar into the national grid, it will improve grid stability and resilience, reduce reliance on expensive and unsustainable energy sources, and support long-term energy security.

A key feature of the project is its flexibility, allowing it to scale up as electricity demand grows and Zambia's national grid develops, adapting to future energy needs while ensuring the investment aligns with the country's development goals.

The initiative also supports Zambia's broader objectives of increasing renewable energy capacity and promoting sustainable economic growth. A more reliable power supply is expected to benefit communities, encourage business development, and create opportunities for investment in the green economy.

ARC Power CEO Karl Boyce stated that the agreement marks the beginning of a long-term partnership. The FUSE model is designed for rapid expansion, scaling up clean electricity supply based on the actual needs of consumers and businesses, providing a pathway to accelerate energy access while ensuring commercial viability.

Kiyona Energy, a subsidiary of Zambia's state-owned power company ZESCO Limited, focuses on the development, financing, and operation of renewable energy projects. With a strong interest in utility-scale solar projects, it views the new partnership as an opportunity to strengthen national energy security, support economic growth, and attract strategic investment.

This collaboration represents a key advancement in Zambia's renewable energy sector, highlighting the role of public-private partnerships in expanding clean energy infrastructure in Africa.

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