IP3 takes first step towards clean energy projects in Zambia
IP3 CEO, Michael Hewitt, returned from Lusaka, Zambia with a new joint Memorandum of Understanding (MOU) with the Ministry of Energy and IP3’s local partner, Zenga Advisory Services. The agreement supports local energy projects.
The cooperation agreement will help to mobilize world-class technical expertise, private capital, and development finance to bolster Zambia’s energy sovereignty and security. It supports a responsible transition to low-carbon solutions. This joint effort will help Zambia enhance its power sector and diversify towards renewable and alternative clean energy sources.
Signed on 15 July, the document covers cooperation on planning, financing, and implementing projects for clean energy production. It is aligned with the country’s National Development Plan.
The agreement represents a broad-based strategy. The parties will co-develop project plans and attract private capital to Zambia. As an integrator for the development of sustainable energy projects, IP3 leads risk-managed planning to implement the best technologies, systems, and approaches. Under this MOU, IP3 will tailor its approach to Zambia’s national goals.
The announcement comes as more countries seek to leverage new modular nuclear technologies to support affordable, safe, and clean baseload power, alongside other net-zero solutions.