ZDA signs MoU in renewable clean energy with UAE company

The Zambia Development Agency (ZDA) has signed an MOU in renewable clean energy with ZAKH renewable energy and engineering of the United Arab Emirates.

Over 100 jobs are expected to be created once the company sets up solar farms in Zambia.

Speaking shortly after the signing ceremony, ZDA Director General Albert Halwampa assured ZAKH Renewable Energy and Engineering that the investment is safe and secured in Zambia.

ZANIS reports that Mr Halwampa explained that President Hakainde Hichilema has created a conducive environment for both local and international investors by enacting investor friendly policies.

He further noted that Zambia has stable and predictable policies making it a preferred destination for investment.

He added that this helps investors to feel more secure as they set up investments in the country.

And Mr Halwampa has since urged ZAKH Renewable Energy and Engineering to expedite the process of setting up solar farms in Zambia.

“Please come and invest as quickly as possible, we will support you throughout the entire process of setting up investments in Zambia.”

Meanwhile, ZAKH Renewable Energy and Engineering Board Advisor Marina Stratevea said the company is interested in setting up solar farms in the energy sector.

Ms Strateva stressed that the company is keen to contribute to the growth of Zambia’s renewable clean energy sector.

She explained that the MOU signed with ZDA is a huge milestone in formalising the setting up of investments in clean energy in Zambia.

She indicated that the MOU is therefore key in securing the company’s investment in Zambia.

Meanwhile Zambia’s Ambassador to the United Arab Emirates Nkombo Muuka said the embassy was excited to facilitate the engagement between ZDA and ZAKH Renewable Energy and Engineering.

Professor Muuka disclosed that ZAKH Renewable Energy and Engineering is a reputable company that has the potential to contribute to Zambia’s clean energy generation.