By Nation Reporter
ZAMBIA has energy shortage of over 2, 000 megawatts which can be resolved if the private sector partners with Government, says Commerce permanent secretary Kayula Siame.
She was speaking in an interview after attending the Zambia Investment Forum on the sidelines of the just ended African Development Bank annual meetings in Lusaka
Ms Siame said the shortfall of power in Zambia presented an opportunity for private sector to partner with Government or undertake green field investments in electricity generation.
“There still exist large energy gaps not only in Zambia alone but also in the region. We have ben informed that in Zambia alone there is shortfall of over 2000 megawatts.“This presents an opportunity for private sector to partner with Government or indeed undertake green field investments in electricity generation, petroleum, coal and renewable energies,” she said.
She also said there was need to harness investments in the solar energy with effects of climate change leading to higher temperatures.
Ms Siame explained that issues of climate change were a wakeup call for the private sector to take an aggressive role and invest in climate resilient projects.
She said funds for such projects went unutilised hence the need to tap in and contribute to sustainable development while creating jobs in Zambia and Africa at large.
She further said the potential for strengthened investments and economic ties amongst African countries could be enhanced so as to contribute tremendously to the growth of the continent.
Ms Siame reiterated Government’s commitment to providing a conducive business environment.
“Government through the Zambia Development Agency (ZDA) will continue promoting and facilitating investment, trade and competitiveness to ensure that the private sector become economic drivers of Zambia,” she said.