Kanyanga solar project

Kanyanga solar project involves an establishment of an SMG. The estimated project cost for Kanyanga was estimated at US$95,920.6, Kanyanga village is in the Mapatizya Ward of Mapatizya constituency in Zimba District, Southern Province. The proposed project area is located at 442096.92 m E, 8053278.97 mS (UTM Co-ordinates) 96km from an existing 33kv HT ZESCO OHL located along Kalomo- Monze road, the area has approximately 45 structures. The project was found to be economically viable at the respective tariffs with ENPV of ZMW1.6 million (US$ 88,888.89) and an EIRR of 24% and is open for FDI through majority stake. REA could develop the sites and engage a private company through a management contract to oversee operations and maintenance of the project site. The project is viable with a capital subsidy of 100% from REA or Cooperating partners. Rural Electrification Act No. 20 of 2003, mandates the Authority to design and offer, on a competitive basis, to developers and/or operators, smart subsidies for capital costs on projects that are designed to supply energy for development of rural areas. The issuance of these subsidies is guided by the Framework for Managing Capital Smart Subsidies in Zambia and The Guidelines for Financing Rural Electrification Projects in Zambia.

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