Announcing the execution of a Memorandum of Understanding between ZESCO Limited and GreenCo Power Storage Limited

26th Feb 2024

This press release was originally published by Africa GreenCo in a newsletter issued on 26th February 2024 and can be read here.

Africa GreenCo Group, operating through its Zambian subsidiary GreenCo Power Storage
Limited (collectively referred to as GreenCo), is pleased to announce the successful
execution of a Memorandum of Understanding (MOU) for a Battery Energy Storage Systems
(BESS) project in Zambia with ZESCO Limited (ZESCO). The MOU was formally signed by
ZESCO’s Managing Director, Engineer Victor Benjamin Mapani, and GreenCo’s CEO, Mrs.
Ana Hajduka-Shields, on 26th February 2024.

This public-private collaboration on BESS deployment in Zambia signifies a significant
milestone in advancing the objectives outlined in the recently launched Zambia Integrated
Resource Plan (IRP). The MOU, by fostering collaboration and aligning with the IRP’s goals,
directly contributes to realizing a sustainable and diversified power future for Zambia. It also
represents a substantial step towards enhancing the country’s energy infrastructure and
facilitating the integration of renewable energy sources into the national grid.

Discussing the partnership, ZESCO’s Managing Director, Eng. Victor Mapani, expressed enthusiasm with the collaboration, stating, “We are pleased to partner with GreenCo Power Storage Limited in this endeavor to explore the integration of battery energy storage systems into Zambia’s power infrastructure. This initiative aligns with our vision of delivering reliable and sustainable electricity services to the people of Zambia.”

Ana Hajduka, CEO of GreenCo, echoed similar sentiments, emphasizing the strategic
significance of the partnership in advancing the objectives outlined the IRP. “Our collaboration with ZESCO Limited marks a pivotal moment for energy innovation in the Southern African region. By synergizing our efforts, we’re actively contributing to the realization of the IRP’s vision, particularly in ensuring a smooth integration of renewable energy sources into the national grid.”

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