What is the latest status of the project “Ngonye Solar PV Plant”?

The status recorded for “Ngonye Solar PV Plant” is active.

Who are the main government, EPC, and private stakeholders for “Ngonye Solar PV Plant”?

Taiyo maps the stakeholders of “Ngonye Solar PV Plant”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Ngonye Solar PV Plant”?

Taiyo normalizes the budget of “Ngonye Solar PV Plant” to USD 45000000.

Where can I verify the source and access all details for “Ngonye Solar PV Plant”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/ngonye-solar-pv-plant-9436). Taiyo standardizes official data into a consistent, searchable project profile.

Ngonye Solar PV Plant

Sector: Solar • Location: Zambia

Source: World Bank Group

Project

Active

The project entails the development of a 34-MWp solar PV plant in Lusaka South Multi-Facility Economic Zone, Kafue District of Lusaka Province. NGONYE POWER COMPANY LIMITED is the project company undertaking the project on behalf of the sponsors - Enel (80%) and Industrial Development Corporation (Zambia) (20%).

This is a greenfield project initiated on a BOO modality. The project will benefit f

Status: Prospective
Sector: Solar, Commercial, Power Generation (CCGT), Government, Manufacturing (Industrial)
Location: Zambia
Updated: 22 Jul 2026
Source: World Bank Group

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Project Information

5 Q

The project “Ngonye Solar PV Plant” is an infrastructure initiative in the Solar sector, located in Zambia. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status	active
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The project entails the development of a 34-MWp solar PV plant in Lusaka South Multi-Facility Economic Zone, Kafue District of Lusaka Province. NGONYE POWER COMPANY LIMITED is the project company undertaking the project on behalf of the sponsors - Enel (80%) and Industrial Development Corporation (Zambia) (20%). This is a greenfield project initiated on a BOO modality. The project will benefit from a long-term (25 years) PPA with ZESCO. Total investment is estimated at $45 million. The debt package includes an IFC A-loan of $10 million, an IFC-Canada Climate Change Program senior loan of $12 million and EIB senior loan of $11.75 million. Project was completed on May 2, 2019. Financial closure occurred on 20 June, 2018. https://ijglobal.com/data/transaction/38199/ngonye-solar-pv-plant-34mw https://disclosures.ifc.org/#/projectDetail/SII/37811 https://www.enelgreenpower.com/media/press/d/2018/06/enel-and-idc-sign-34-million-us-dollar-financing-agreement-with-ifc-and-eib-for-solar-project-in-zambia , https://www.esi-africa.com/industry-sectors/renewable-energy/zambia-34mw-ngonye-solar-pv-plant-comes-online/
Original sector	Energy
Budget

Location

Country

Zambia

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	Solar, Commercial, Power Generation (CCGT), Government, Manufacturing (Industrial)
Article published date	2024-09-21

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