Zambia News

Zambia seeks consultants for renewable energy investments

June 25 (Renewables Now) – The National Pension Scheme Authority of Zambia (NAPSA) is seeking to recruit a consultancy firm to provide investment and transaction advisory services in the area of renewable energy projects financing.

NAPSA, through Zambia’s ministry of national development planning, has received financing from the African Development Bank (AfDB) and the Green Climate Fund (GFC), part of which will go towards hiring the consultancy, AfDB said.

The funding has been granted under the Zambia Renewable Energy Financing Framework, which aims to assist the government of Zambia in setting up its renewable energy feed-in-tariff (REFiT). The technical assistance component of the framework is focused on improving the conditions for the development of renewables and participation of private investors in the energy sector, according to the bank.

NAPSA is looking to start investing in the renewable energy sector in line with a strategy that promotes financing of key infrastructure projects.

The selected consultancy is to support NAPSA and its staff in the process of deals origination, appraisal of renewable energy projects, including assisting through first investments and building up the institution’s capacity for longer term involvement in renewables financing.

Expression on interest can be submitted to NAPSA by July 10, 2020.

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