ZAMBIA needs not only surplus energy but also renewable energy which is clean and allows for sustainable development, says Energy Regulation Board (ERB) executive director Langiwe Lungu.
She said this yesterday in Lusaka when she received the Renewable Energy Feed in Tariff (REFIT) document which is the regulatory tool to support the renewable energy policy in the country.
Ms Lungu said ERB was committed to regulate the development of renewable energy in line with the aspirations of Government to the benefit of Zambians and investors.
“The development of the REFIT regulatory framework could not have come at a better time than now when the country is in need not only of surplus energy but renewable energy which is clean and allows for sustainable development,” she said.
Ms Lungu said the tools were developed through an extensive consultative process which entailed conducting three stakeholder consultative processes which drew discussants from Government implementing agencies, investors, banks and the project promoters.
“The consultants and the ERB staff took time to study the submissions and comments from all stakeholders. I am confident that the REFIT tools contain the aspirations of all industry stakeholders and that of the Government. The framework finalised by ERB will provide a platform for enhanced investment in renewable energy in the country,” she said.
Ms Lungu thanked and appealed to the USAID to continue to provide technical as well as financial support to the ERB.
And USAID Zambia economic development chief officer Anna Toness said the REFIT mechanisms equipped Zambia with a supportive regulatory platform to grow the use of clean energy technologies and that it creates an enabling environment for private sector investment in small and medium size renewable power generation.
She said the Zambian Government had shown commitment and vision to make REFIT a reality as it had continued to progress towards energy security and the next level of renewable energy development.