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GreenCo receives Zambian government backing for intermediary role

Zambia’s government announced on 19 November that it had approved the establishment of a creditworthy renewable energy intermediary power offtaker, facilitating the establishment of GreenCo in the country. The intermediary offtaker will sit between Zesco and IPPs, providing a better credit risk to banks by offering risk mitigation and the right to sell power elsewhere in the event of a default.

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Credit value: 20

African Energy Gulf States Newsletter