Zambia’s Copperbelt Energy Corporation to Invest $500 Million in Power Transmission Expansion

Zambia’s Copperbelt Energy Corporation (CEC) is set to invest $500 million over the next two years to expand its power transmission infrastructure. The investment will focus on increasing solar power output and doubling the capacity of its key transmission line to the Democratic Republic of Congo (DRC).

CEC, which owns the only transmission link between the DRC and the Southern African Power Pool (SAPP), plans to boost power transfer capacity from 250 MW to 550 MW. This expansion aims to enhance regional energy security and support growing industrial demand in both countries.

Chief Financial Officer Mutale Mukuka emphasised the company’s strategy to attract external investment for the project, highlighting the significance of third-party financing as Zambia emerges from a four-year sovereign debt default. “We're looking to invest around $500 million over the next two years, and most of this financing will come from third-party financiers,” Mukuka said. “We'll invest heavily in transmission projects to ensure that power from new sources can reach consumers.”

Zambia’s energy sector is drawing renewed interest from investors, especially as the country recovers from economic challenges and a prolonged drought that cut power generation by 70%. The CEC’s investment marks a significant step toward strengthening Zambia’s energy infrastructure and positioning the country as a key player in regional electricity trade.