An Israeli based investor, Gigawatt Global, is set to pump in $100m in a hybrid solar photovoltaic -PV- and wind power project in Zambia.

Gigawatt Global President and Chief Executive Officer, JOSEF ABRAMOWITZ, disclosed this in an exclusive interview with ZANIS on the sidelines of the Israeli – Zambia Business Forum 2023 held in Jerusalem yesterday.

Mr. ABRAMOWITZ said the 1-hundred million dollar investment by his company is meant to develop a 71 Megawatts hybrid solar and wind power project in Chibombo district of Central Province.

He said his company is a multinational renewable energy platform that develops, finances, builds and operates utility-scale PV solar projects in emerging markets.

Mr. ABRAMOWITZ said his company has constructed projects Rwanda and Burundi among others.

He expressed happiness that the business environment in Zambia has tremendously changed following the change of Government.

President HAKAINDE HICHILEMA yesterday officially opened the Zambia-Israel Business Forum under the theme “Agro-Business Opportunities to Guarantee Food Security” before departure for Zambia.

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