Zambia’s First Wind Power Plant Signs Implementation Agreement With The Zambian Ministry Of Energy

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On the 16th of April 2021, Access Zambia Wind One LLC a joint venture between Dubai based Access Power
Limited and Zambia based Industrial Development Corporation executed the Implementation Agreement
for Zambia’s first wind power plant to be built, owned and operated by Access Zambia Wind One LLC.

In the signing event Mr. Danies K Chisenda, Permanent Secretary, Ministry of Energy, Zambia said: “The
development of projects such as the 130 MW Wind Power project by Access Power is in line with
Government objective to increase exploitation of renewable energy in order to diversify the energy mix
inline with the National Energy Policy (NEP) 2019. Indeed, the addition of Wind Energy for electricity
generation will not only reduce over reliance on hydropower but will also supply clean energy towards the
attainment of universal access to energy.

”The first phase of the wind power plant has a total capacity of 130 MW and will be located in Pensulo, Serenje District, Zambia. In a second phase the plant will be expanded up to 300 MW at the same location.

Access Power started developing the project in 2017, since then all major development milestones
including the acquisition of land, wind measurement campaign, resource estimation, design and several
approvals pursuant to the Zambian regulations have been completed.

Mr. Mateyo Kaluba, Chief Executive Officer of the Zambian Industrial Development Corporation, added:
“This is a critical milestone in actualizing the Access Power wind project. The project will be another “first
of its kind” grid-scale renewable energy project in Zambia, leveraging our wind resources and further
diversifying the energy generation mix in the country. The project is particularly significant as the region
continues to grapple with climate induced challenges in conventional hydro generation. We are confident
that the successful implementation of this project will provide the necessary impetus for increased private
sector interest in exploring innovative opportunities in renewables in the Country.”

Access Zambia Wind One LLC aims to finalize the financing of the project by the first quarter of 2022 and
start construction later during that year. The construction of the plant is expected to take up to two years.
“Access Power has once again proved its core competency to develop sustainable low-cost power projects
amidst some of the most globally excruciating circumstances. Our ability to be patient, remain focused on
the target and develop long lasting partnerships have been the key enablers for this landmark project”
said Mr. Reda El Chaar, Executive Chairman, Access Power Limited.

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