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INDIAN FIRM TO SET UP USD $5 MILLION SOLAR PLANT IN ZAMBIA

AN Indian company says it has plans to set up a USD $5 million solar panel manufacturing facility in the country.

Speaking when Zambia’s High Commissioner to India Judith Kapijimpanga toured the solar the solar manufacturing company, Group Chairperson KrishnarKumar Agrawal said Agrawal of Goa State, India, will build a 100 megawatts (MW) capacity solar panel manufacturing firm which will take six months.

“The project will result in job creation and skills transfer to the Zambian populace especially youths. The company founded in 1950, is currently running a 60MW solar panel manufacturing facility in Goa,” Agrawal said.

He said the company has special skills in executing off and on-grid projects for open access markets with the rest of the solar energy sold to government.

Meanwhile, Kapijimpanga said Goa state had determined investors such as Mr. Narayan Bandekar, who built a pharmaceutical manufacturing plant at the Lusaka South Multi Facility Zone.

She said Zambia had put up favourable laws which has created an enabling business environment for local investors.

“Zambia has eight months of continuous sunshine, a progressive banking system and a strong legal framework which supports private sector investment,” she said.

This is according to a statement issued by Zambia’s First Secretary for Press and Public Relations at the Zambian Embassy in India, Bangwe Naviley.