Zambia Needs to Double Power Supply in 7 Years, Copperbelt’s Sindowe Says

Zambia, Africa’s biggest copper producer, needs to double electricity capacity at a cost of about $4 billion over the next seven years, Copperbelt Energy Corp. Plc Chairman Hanson Sindowe said.

Demand for power will outstrip supply from next year through 2015, he said in a speech in the capital, Lusaka, today. The southern African nation needs $12 billion of electricity investment, or 4,400 additional megawatts, by 2030.

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net

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