Enel has signed a $ 34 m deal with Zambia 's Industrial Development Corporation ( IDC ) to build the 10 MW Ngonye solar plant . The financing package includes loans of up to $ 11.75 m from the European Investment Bank ( EIB ) , up to $ 10 m from the International Financing Corporation ( IFC ) and up to $ 10 m from the IFC - Canada Climate Change Program . signed off on a financing agreement for around US$34 million for the construction of the 34MW Ngonye solar plant in Zambia. The solar scheme will expected to generate about 1 GWh per annum once completed .
Enel has signed a $ 34 m deal with Zambia 's Industrial Development Corporation ( IDC ) to build the 10 MW Ngonye solar plant . The financing package includes loans of up to $ 11.75 m from the European Investment Bank ( EIB ) , up to $ 10 m from the International Financing Corporation ( IFC ) and up to $ 10 m from the IFC - Canada Climate Change Program . The solar scheme will expected to generate about 1 GWh per annum once completed .