en.Wedoany.com Reported - Zambia's national power company, ZESCO, has signed a Power Purchase Agreement (PPA) with South Korea's KS Eco Solutions Holdings Limited to develop a 500 MW solar project, along with a battery energy storage system. The agreement for this Zambian solar project was signed on June 18, 2026, with representatives from Zambia's Ministry of Energy and the Zambian Embassy in South Korea in attendance.

The project will be developed in phases, planned as 10 consecutive stages of 50 MW each, to facilitate gradual integration into the national grid. Specific project location, official investment cost, storage capacity, and implementation timeline have not yet been disclosed. Related reports indicate that the total project cost is expected to range between $700 million and $900 million.

Zambia's power generation mix has long been dominated by hydropower. The solar and energy storage project will add new regulatory capacity to its power structure. With the signing of the 500 MW solar Power Purchase Agreement, the Zambian solar project will generate subsequent demand in areas such as photovoltaic modules, energy storage systems, substation facilities, grid connection works, and project financing.

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