Paul Shalala
ZNBC News
The Germany government has provided K750m grant to support Zambia’s energy, water and sanitation sectors.
The money will see an addition 220 megawatts to the national electricity grid and the upgrading of water and sanitation in Eastern and Southern Provinces.
The Germany grant will see the upgrading of water and sanitation reticulation systems in Chipata, Katete, Choma and Livingstone.
The Project will also result in 120 megawatts of solar energy and 100 megawatts from mini hydro stations being added to the national electricity grid.
Speaking after the signing ceremony between the Ministry of Finance and KFW German Development Bank, Head of Development Cooperation at the Germany Embassy BERNHARD TRAUTNER said his country has provided the grant due to the success of the debt restructuring programme.
Mr. TRAUTNER said the debt restructuring program has opened opportunities for more grant financing for Zambia.
And, Finance Minister SITUMBEKO MUSOKOTWANE said the grant financing has come at the right time as government is working towards growing the economy.
Dr. MUSOKOTWANE said the projects to be funded are all aligned to the development targets Zambia has set for itself.
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