Home Business Sunbird enters into $150m ethanol plant deal in Zambia

Sunbird enters into $150m ethanol plant deal in Zambia

The UK-based Sunbird Group has entered into a partnership with Zambia’s Mahtani Group to construct $150 million ethanol plant in Luapula Province to boost the country’s energy sector.
“Construction of the bio-ethanol plant is expected to start in November this year and the project is expected to create over 2,000 direct job opportunities and 5,000 indirect jobs comprising out-grower farmers,” said Mahtani Group group chairperson Rajan Mahtani
“The significance of this project is that it is going to be the first project that will be using cassava to extract bio-ethanol for fuel and that will help in going green,” he said.
The energy and mining sector are the two most important drivers of growth in Zambia although the energy sector can have a more transformative impact as it has a direct bearing on all avenues of society.
Zambia has abundant hydroelectric resources and meets most of its energy needs from its own hydroelectric stations, with 99.9 percent of produced electricity coming from hydro sources.
Installed electricity generation capacity in Zambia is at about 1,789MW out of which 1,676 is hydropower despite the nation’s undeveloped generation capacity of about over 6,000MW. (VENTURES AFRICA)
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