Zambia offers an FDI opportunity in the 163 MW Lufubu Hydropower Cascade (three plants) on the Lufubu River in Northern Province. The US$700 million project delivers stable, rainfall-driven renewable energy, strengthening the national grid and supporting regional tourism and economic growth. With projected EBITDA of US$118.4 million in Year 1 and a strong long-term market, Lufubu Power Company seeks a minority equity or debt partner for the four-year construction and development programme.
Project overview
Investment opportunity
Lufubu Power Company Limited is seeking a minority equity or debt partner for the development of the US$700 million, 163 MW Lufubu Hydropower Cascade on the Lufubu River. Comprising three hydropower plants, the project offers access to a large-scale renewable energy asset with strong long-term demand and projected Year 1 EBITDA of US$118.4 million. Investors can participate in a high-impact infrastructure project that delivers sustainable returns while supporting regional economic development and strengthening Zambia's renewable energy supply.
Investment types sought
Project status
Development stage
Feasibility & due diligence
Current status / progress to date
Feasibility study, environmental impact assessment (EIA) and grid impact study (GIS) completed. The project is ready for investor participation and progression to the development phase.
Additional project information
- Lead agency
- Lufubu Power Company Limited
Expected impact
1000
Jobs created / supported
Economic & development benefits
- Expands renewable energy capacity and strengthens long-term power supply reliability
- Stimulates regional economic growth by supporting tourism, business development and infrastructure expansion
Climate & resilience benefits
- Provides low-carbon renewable energy through sustainable hydropower generation
- Enhances energy resilience by utilising a reliable, rainfall-fed river system
- Reduces greenhouse gas emissions and supports the transition to a cleaner energy mix
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.