Investment in infrastructure key to growing Zambia’s energy sector

FOLLOWING the huge investor appetite in various sectors of the economy, including energy, Government has made it clear that it aims to enable and encourage private sector participation to improve infrastructure growth in the energy segment.Efforts to invest in energy infrastructure have over the years been made by both Government and the private sector. On the petroleum and gas front, for example, the country’s growing competition in the petroleum sub-sector is expected to ensure the delivery of quality petroleum products.The nation imports all its petroleum requirements, which contribute approximately nine percent of the national energy demand.This sub-sector has received overwhelming interest from investors as can be seen by the new multi-purpose fuel pipeline between Tanzania and Zambia.Zambia has reached an agreement with Tanzania to build a new self-financing multi-purpose fuel pipeline. Once completed, this will lead to increased fuel security and lower fuel pump prices because transportation of fuel by pipeline is cheaper than by […]