https://newsletter.en.creamermedia.com
Energy|Hydropower|Infrastructure|Power|PROJECT|Solar|Solutions|Infrastructure
Energy|Hydropower|Infrastructure|Power|PROJECT|Solar|Solutions|Infrastructure
energy|hydropower|infrastructure|power|project|solar|solutions|infrastructure

Globeleq makes entry into Zambian market with hydropower acquisition

3rd March 2026

     

Font size: - +

Independent power producer Globeleq has announced the completion of its acquisition from Norfund of a 51% equity stake in Zambia’s Lunsemfwa Hydro Power Company (LHPC).

The remaining 49% of LHPC is owned by Wanda Gorge Investments, a Zambia-based infrastructure investment company.

LHPC operates two hydroelectric plants with a combined capacity of 56 MW, is constructing a 27 MWp solar PV project and has a project pipeline that includes a 200 MWp solar portfolio and various hydropower expansions.  

Owned by British International Investment and Norfund, Globeleq said the transaction represented a major step in its entry into Zambia, which it had identified as a priority market, having recently opened an office in Lusaka.

It also provided access to the Southern African Power Pool (SAPP), as LHPC holds a SAPP trading licence.

Based in Kabwe, LHPC supplies electricity to ZESCO under a long-term power purchase agreement and serves private offtakers such as Copperbelt Energy Corporation and Jubilee Metals.

“LHPC’s strong operational base and ambitious growth plans align with our strategy, providing an operational entry into Zambia and active trading in SAPP,” CEO Jonathan Hoffman said in a statement.

“Combined with our project pipeline, LHPC strengthens our ability to offer tailored power solutions to major consumers in the region,” he added.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 27 February 2026
Magazine round up | 27 February 2026
27th February 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 0.156s - 151pq - 2rq
Subscribe Now