Upgrading Electricity Infrastructure in Zambia

$11M USD

Funder	U.S. Agency for International Development
Recipient Organization	U.S. Government - U.S. Agency for International Development
Country	Zambia
Start Date	Jun 10, 2015
End Date	Mar 10, 2019
Duration	1,369 days
Number of Grantees	2
Roles	Recipient
Data Source	US Foreign Aid
Grant ID	`207558-76`

Grant Description

The Power Africa team in Zambia and USAIDs Development Credit Authority (DCA) office approved a guarantee facility to support $60 million of a total $122 million loan from Standard Chartered Bank (a Power Africa Partner) to the Zambia Electricity Supply Corporation (ZESCO).

Proceeds of the loan will go toward upgrading existing electricity infrastructure, as well as expanding selected transmission lines in Lusaka and four key geographic regions of the country. It is estimated that this project will add several thousand new connections.