The Zambian government has finally signed the long awaited Investment Promotion and Protection Agreement (IPPA) with Itezhi tezhi Power Corporation for the development of the 120 Mega watts Itezhi tezhi power station.
The signing of the agreement will see the development of the power station at a total cost of 270 million United States dollars.
The Itezhi tezhi power project is an initiative of Tata holdings and ZESCO limited.
Speaking at the signing ceremony Commerce Minister Felix Mutati said Zambia would never achieve its set target with low supply of power.
He said the country needs constant and reliable power supply for it to achieve targets such as the vision 2030.
Mr Mutati noted that government is working round the clock to ensure that it addresses the power constraints that the country is going through.
Mr Mutati added that government has targeted to connect about 50 percent of homes in Zambia to the national grid in five years time.
And Zambia Development Agency ZDA chairman Luke Mbewe has called on various investors to come and invest in Zambia.
He said it is such investments that are indications that Zambia’s economy is a business friendly environment.
[ QFM ]
yayayaya this MMD and development you will make wanzelu and dejavu choke with envy. I have never seen such massive development 1st seen under KK. Uyu mudala RB has a very big heart, he is such a dear parent and father of the nation. We can only thank God for blessing us with such a great leader. I also thank Levy Mwanawasa for bringing this damn good man to lead us
Where is the Minister of energy in all this? Is it still Loadshedding Konga?
Look here you gaga patient,your HERB rarely works,its people like you who still believe in politicians who promise rains if you vote for them.
If you read the first paragragh of this article you will have a clue that Vasco had nothing to to with this.I suggest you stick to the article not show how poorly you are endowed in that thing peolple mistake as your head.
Wow Lady Gaga@1. I think you forgot to add “unparalled, outstanding, excellent, pre-eminent, accomplished, peerless, inimitable unsurpassed beyond compare leader”.
#2 wanzelu the problem is too much cleaning the arse of that old white muzungu you cant think beyond pupu. wanzelu you are blinded by your hate for RB. #3 ricky bobby you right on
But people are haters on this blog!!! Yaaaah!! Lady Gaga, ine ndapapa!!
Ati “you will have a clue that Vasco had nothing to to with this.” Wanzelu mwandi chicken poop has more intelligence than you.
How can “Vasco” have nothing to do with this scale of investment? Are you not the same one who says that he should be delegating his duties? Do you know what to “delegate” means?
Pls just choke on your poop you mono-orificed peace of dog-poop as you drool of envy!
#1 You are a serious MMD cadre who is probably paid to sing Vasco’s songs for even ordinary thing. Vasco has no input in to this project. At presidential level, its Levy who did something. We have had power shortages…so what do you expect the govt to do? This should have been done way back!!!
:x i support the government initiatives to provide all Zambians with good reliable access to electricity. May RB win so that these developments continue
stop criticizing our RB even i football the scorer is regarded as the winner. RB has completed more projects go on mr R