Enel has signed a $34 m deal with Zambia 's Industrial Development Corporation (IDC) to build the 34 MW Ngonye solar plant. The financing package includes loans of $34 m from the International Financing Corporation (EIB), up to $10m from Ngonye ( IFC ) and $34 from the IFC -Canada Climate Change Program. The Ngonye project, Enel’s first power plant in Zambia , is located in Lusaka South Multi-Facility Economic Zone in the country’s south. The Enel scheme will expected to generate about 70 GWh per annum once completed.
Enel has signed a $34 m deal with Zambia 's Industrial Development Corporation (IDC) to build the 34 MW Ngonye solar plant. The financing package includes loans of $34 m from the International Financing Corporation (EIB), up to $10m from Ngonye ( IFC ) and $34 from the IFC -Canada Climate Change Program. The Enel scheme will expected to generate about 70 GWh per annum once completed.