The Copperbelt Energy Corporation (CEC) is making steady progress in expanding renewable energy and strengthening Zambia’s power sector. The company has recently reported strong financial performance, supported by rising electricity demand from mining and industrial activities. A key driver of this growth is its renewable energy arm, CEC Renewables, which is leading the development of new solar power projects across the country.

One of the most notable developments is the successful commissioning of the 60 MW Itimpi Phase 1 solar plant. This project has been added to the company’s existing 34 MW Riverside solar facility located in Kitwe. Together, these solar plants are helping the company diversify its energy portfolio and reduce reliance on hydroelectric generation. In recent years, drought conditions across the region have significantly reduced water levels in reservoirs, affecting hydropower production. The new solar capacity is therefore playing an important role in maintaining a reliable electricity supply.

CEC is continuing to expand its renewable energy footprint with additional solar projects currently under development. The company is moving ahead with the large 136 MW Itimpi II solar project. It is also working on smaller initiatives such as the 12.5 MW Fitula solar plant. Once these projects are completed, CEC’s total installed solar capacity is expected to reach around 230 MW by 2026. This expansion reflects the company’s long-term commitment to clean energy and sustainable power generation.

The company’s financial position has also strengthened significantly. Increased electricity sales to mining companies in Zambia and cross-border power trading have contributed to higher revenue and improved profitability. In particular, electricity exports to the Democratic Republic of Congo have played a major role in boosting earnings. The strong performance highlights the growing demand for a stable electricity supply in the regional mining industry.

To support its renewable energy investments, CEC recently raised about $97 million through its second green bond issuance. The funding attracted international investors, including the FMO and the Emerging Africa Infrastructure Fund. The proceeds will primarily finance the expansion of the Itimpi solar project and other clean energy initiatives.

In addition to generation capacity, the company is investing in transmission infrastructure to strengthen regional power connectivity. Upgrades to the electricity interconnector between Zambia and the Democratic Republic of Congo have already increased power trading capacity. These improvements have allowed CEC to raise regional electricity exports by around 40 percent.

Through its investments in renewable energy, transmission networks, and regional electricity trade, CEC is playing an important role in supporting Zambia’s economic growth. By gradually shifting toward solar power while strengthening grid infrastructure, the company is helping build a more reliable and sustainable energy system for the future.

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