Article length: 1946 words
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.
Credit value: 20