Last week with the support of the World Bank Group’s (WBG) Scaling Solar initiative. The auction for 100 MW (2x50 MW) resulted in a price as low as 6 cents/kWh.
This is good news for the country, which much like the rest of Sub-Saharan Africa faces acute electricity shortages. .
Zambia’s solar auction result followed a series of headline-making auctions in India, Mexico, Peru, and Dubai. In Dubai’s case, the price was as low as 3 cents/kWh -- the lowest price ever offered for solar power. Solar auctions are effectively a competitive bidding process to build power plants and supply a specific quantity of electricity at a pre-agreed price over a specified period of time.
- private sector
- land governance
- environmental and social performance standards
- King Abdullah’s Initiative for Agricultural Investment Abroad
- banned food exports
- food crisis
- Arab Spring & food
- agriculture FDI
- foreign direct investment
- Political Risk Insurance
- Agriculture and Rural Development
- The World Region
- Middle East and North Africa
- Saudi Arabia