Zambia’s CEC progresses Kabompo Gorge hydroelectric project

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Inscription: Jeu 14 Mai 2009 16:23

Message Sam 9 Juin 2012 09:14

Zambia’s CEC progresses Kabompo Gorge hydroelectric project

Zambia’s CEC progresses Kabompo Gorge hydroelectric project

8 June 2012 - Zambian independent power transmission group, Copperbelt Energy Corporation (CEC) continues to evolve as an independent power producer with progress reported by the company on its efforts to develop the 40 MW Kabompo Gorge hydroelectric project.

The project is situated in the Mwinilunga district of north-western Zambia, and is in close proximity to the emerging copper mining industry of the country’s North-Western province. CEC placed an international tender to identify interested and qualified contractors to undertake the project through an expression of interest, following which a short list of five contractors was selected to submit a full bid.

The final bid responses were to be received by March 2012, and a preferred contractor identified by June 2012. Standard Bank was appointed as debt advisor and arranger for the project. The debt financing process, which commenced during the first quarter of 2012, involved presenting a fully structured project to a range of international financial institutions from commercial banks to development finance institutions and export credit agencies, with a view to obtaining the most appropriate and cost effective debt terms. A capital intensive project of this nature will require debt tenors of up to fifteen years.

The project will cost an estimated US$140 million and the design specifies a roller compacted concrete dam that is 47.5 metres high and 123 metres long, a reservoir with an area of 3,485 hectares, an underground chamber for the power house, and four kilometres of tunnelling. A transmission line would be constructed to connect to the national grid at Lumwana.

The project is scheduled to reach financial close during the latter half of 2012, with construction commencing during 2013 and project commissioning during the latter half of 2015.

In addition, CEC has commenced feasibility studies for different hydro schemes along the Luapula River which, based on pre-feasibility studies already completed, are capable of accommodating at least five different hydro schemes with an estimated generation capacity of about 800 MW. It is expected that rights to the power will be shared between Zambia and the Democratic Republic of Congo, as the river lies along an international border.

CEC already has 80 MW of embedded thermal generation capacity in its network that supplies a number of large mining operations on Zambia’s copperbelt.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU
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Inscription: Sam 5 Sep 2009 19:42

Message Mar 19 Mar 2013 21:53

Zambia: CEC Increases Funding in Kabompo Hydro Project

http://allafrica.com/stories/201209181282.html

Zambia: CEC Increases Funding in Kabompo Hydro Project
By Gideon Thole, 18 September 2012


THE Copperbelt Energy Corporation (CEC) has increased its cash injection in the Kabompo Hydro Electricity Power Station from the initial investment of US$ 160 million to $190 million.

CEC public relations officer Precious Musonda said the decision to increase the capital project investment was done after CEC and its equity partner Africa Finance Corporation decided to revise the project costs and financing of the 40 mega watts capacity Kabompo Hydro Electricity Power station from $160 million to $190 million.

Ms Musonda, said in response to a Press query, also said the Zambia Environmental Management Authority has granted the conditional approval for the preparations of the affected residents final Resettlement Action Plan.

She said construction of the 40 mega watts Kabompo hydro Electricity Power Station was expected to start after the close of the financial year on March 31, next year.

The contractor engaged for the exercise was expected to move on site by April 1, next year.

According to Ms Musonda, Sino Hydro was the preferred contractor and negotiations between CEC and the contractor would be concluded by the end of October this year.

She said the contractor was expected to complete the construction of the power station by March 30, 2016.

CEC and its equity partners have no intentions to bring in more partners in the project.

The Kabompo Hydro Electricity Project which is expected to create 1,000 jobs for the locals is jointly funded by CEC and the African Finance Corporation (AFC) through a Memorandum of Understanding signed between the two parties.

Standard Bank has been chosen as the lead arranger and financial advisor for the project.

115 households in Kamikeahi area are expected to be displaced in order to pave way for the construction of hydro electricity power station.

The proposed output of the power station is 40 MW capacity and 166 GWh of the energy per annum and the project design

specifies a roller compacted concrete dam that is 14.5 metres high and 123 metres long, a reservoir with an area of hectares.
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