Zambia-Tanzania power link resumes with World Bank support, targeting completion by 2028 to enhance regional energy integration.
Zambia-Tanzania power link resumes with World Bank support, marking a significant step toward regional energy integration.
After COVID-19 pandemic interruptions and Zambia’s default status in 2020 the Zambia–Tanzania Interconnector Project with its $320 million funding will resume its operations this month.
The power infrastructure between Zambia and Tanzania will combine their electrical systems into one extensive unified energy market.
The World Bank together with the European Union and United Kingdom provides financial support for this project.
A total of $298 million remains necessary for project funding where the World Bank has agreed to donate $245 million.
This power link is projected to finish operations by 2028 to enable electricity trade between Southern and East Africa and simultaneously reduce expenses as well as boost energy safety.
Achim Fock from the World Bank Zambia office stressed that combining markets would generate lower power prices while strengthening Africa-wide power security and enabling new investment opportunities for the power sector.
The project serves as a component of an African-wide initiative to supply power to 300 million people by 2030 under the World Bank and African Development Bank’s “Mission 300” program.
Through reinstating construction of this interconnector Zambia and Tanzania propel forward their regional goal to develop enhanced power integration and economic advancement.
