By BUUMBA CHIMBULU
GOVERNMENT has signed four grant agreements worth over Euro 35.8 million (K750 million) with the KfW Development Bank.
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The joint projects, signed on behalf of the Federal Government of Germany, will support Zambia to transparently procure low-cost private sector investment in the renewable energy sector as well as increase access to water supply and sanitation in Eastern and Southern province.
Finance and National Planning Minister Situmbeko Musokotwane at the signing ceremony in Lusaka yesterday said the projects were well aligned with Zambia’s key development aspirations that aimed to contribute to economic transformation and jobs creation for the next five years.“For instance, the government’s focus in the energy sector will be on the development and management of energy resources in a sustainable manner to address the many challenges,” Dr Musokotwane said.
At the same function, Stefan Lutz, Director of KfW office Zambia committed to help improving the lives for the Zambian people with its expertise and financing.
And Bernhard Traunter, Head of Development Cooperation at the German Embassy said: “Our joint Global Energy Transfer Feed-in Tariff (GET FiT) programme is indeed very timely to address the needs for transparent procurement of more renewable energy via private sector participation.”
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