of 15,013GWh of Energy. 12,427GWh was Renewable and 2,586 GWh was non-renewable. Over 99% of the Renewable energy component was Hydro electricity. With a view to diversifying the power generation profile, Zambia increased its Solar Power generation Capacity in 2019. In March 2019, the 54MW Bangweulu Solar Power Station was commissioned. In May 2019, the 34MW Ngonye Solar Power Station was commissioned. In July 2022, the local National utility ZESCO, announced it had achieved an electricity generation surplus of about 1,156 MW. Zambia's national generation capacity stands at 3,456.8 MW versus a peak national demand of 2,300 MW. The surplus power is to be directed to service the power supply agreements for the export of 180 MW to Namibia and 100 MW to Zimbabwe. The exportation of 100MW electricity to Zimbabwe which is set to commence in August 2022 is under a five year contract with a condition precedent that ZESCO earns monthly income of US$6.3 million prior exporting to Zimbabwe. The close of 2022 brought in some serious challenges to the Zambian economy, when low water levels at the Kariba Dam significantly impacted the 1080MW Kariba Hydro Power plant's output capacity and resulted in load shedding for businesses and residents across the country. This was compounded by the maintenance that was being carried out at the 300MW Maamba Coilleries Coal Fired Power Plant. In January 2023, Zambia signed a US$2 billion dollar MOU and Joint Development Agreement (JDA) with the United Arab Emirates for the development of 2000MW of Solar Power Projects. Petroleum Zambia is a net importer of petroleum and in 2019, Oil & Mineral Fuels ranked top amongst the country's trade imports at a value of U$1.26 billion. In January 2022, the ERB migrated from a Quarterly pricing cycle to a monthly pricing cycle to enable the local price of fuel to be more responsive to the market fundamentals namely: international oil prices and the Kwacha/US Dollar exchange rate prevailing in the month preceding the pricing decision. Further, following the UPND governments' policy decision to place INDENI Petroleum Refinery on care and maintenance, the nation moved to one type of Diesel sold on the market, and that is the imported Low Sulphur Gasoil/Diesel. *Final rate on quarterly price cycle. **Excise Duty and VAT Restored. Bulk Fuel Depots in Zambia are listed below: See also: Tazama Pipeline, Indeni Petroleum Refinery and Lobito–Lusaka Oil Products Pipeline. In January 2023,