By Jane Chanda
The Energy Regulation Board has announced approving 34 licenses and 5 construction permits in the renewable energy and petroleum sub-sectors, totaling K2.46 billion (US$ 98.4 million) in investment.
‘’This significant investment demonstrates the confidence of businesses and investors in Zambia’s energy sector and validates the robust government policies that underpin our regulatory framework,’’ ERB public relations manager, Namukolo Kasumpa, Namukolo stated.
The approved licenses cover a range of critical activities, including the retail of liquefied petroleum gas (LPG), importation, supply, and installation of solar energy equipment, and the transportation, importation, and retail of petroleum products.
She stated that the ERB’s stringent licensing process ensured that safety standards and regulations were adhered to, and only one license application was rejected due to non-compliance.
“These approvals not only ensure a reliable and diversified energy supply but also attract substantial investment that fosters economic growth and generates employment opportunities,” Namukolo added.
She stated that the construction permits granted will facilitate the establishment of crucial infrastructure necessary for the bulk storage and distribution of petroleum products, reinforcing national security of fuel supply.
The ERB reiterated that its commitment to fostering a transparent regulatory environment that promotes and facilitates sustainable energy alternatives, investment attraction, and compliance to license guidelines and standards within the energy sector.
ERB assured the public of its continued commitment to upholding rigorous, transparent, and predictable licensing procedures that encourage the adoption of alternative energy sources and contribute to the energy mix and sustainability of Zambia’s energy future.
