2 hrs ago
Nava Limited Commissions 100 MW Solar Plant in Zambia
Nava Limited has started operating a large solar power plant in Zambia.
The plant can produce 100 megawatts of electricity.
Electricity from the plant is now being sent to Zambia’s national grid.
A company called Maamba Solar Energy Limited operates the project.
It has agreed to sell all the electricity to Zambia’s national power utility for 20 years.
Nava says the project expands its business into renewable energy.
The company also wants to build more clean-energy projects in different countries.
The project is partly owned by Nava Global and partly by a Zambian investment company.
Nava Limited announced the commissioning of a 100 MW solar power plant in Zambia.
Power evacuation from the plant to Zambia’s national grid has begun.
Maamba Solar Energy Limited has a 20-year power purchase agreement with ZESCO Limited.
The project marks Nava Limited’s entry into utility-scale renewable energy.
Maamba Solar Energy Limited is owned 65% by Nava Global and 35% by ZCCM Investments Holdings PLC.
- Who
- Nava Limited, through its step-down subsidiary Maamba Solar Energy Limited, commissioned the project; ZESCO Limited will purchase the electricity.
- What
- A 100 MW solar power plant was commissioned, and power evacuation to the Zambian grid began.
- Where
- Zambia; the announcement was issued from Hyderabad, Telangana, India.
- When
- September 24, as announced in the release.
- Why
- The project supports Nava Limited’s diversification into utility-scale renewable energy and its broader clean-energy strategy.
Key facts
- Project capacity
- 100 MW
- Project operator
- Maamba Solar Energy Limited
- Power purchaser
- ZESCO Limited, Zambia’s national power utility
- Power purchase agreement
- 20 years
- Ownership
- 65% Nava Global and 35% ZCCM Investments Holdings PLC
- Status
- Commissioned; power evacuation has commenced
- Parent company
- Nava Limited
Quotes
Ashwin Devineni
Managing Director and CEO of Nava Limited
“This milestone reflects our commitment to sustainable growth and reinforces our vision of building a diversified, future-ready energy portfolio across geographies.”
theprint.in
“The commissioning of our 100MW solar project in Zambia marks a defining step in Nava’s journey into renewable energy.”
theprint.in
Sources
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