Zambia’s Copperbelt Energy Corporation (CEC) is actively supporting green-tech entrepreneurs while strengthening regional power infrastructure, according to CEO Owen Silavwe.
CEC, publicly traded on the Lusaka Securities Exchange, surpassed US $1 billion in market capitalization this year signaling investor trust in its strategy and customer focus, Silavwe says.
Originally part of Zambia’s 1997 privatization, CEC now plays a key role in the Southern African Power Pool, working closely with regulators to ensure operations benefit communities and protect the environment.
CEC has launched a $200 million green bond to fuel renewable energy projects. It currently operates 94 MW of solar capacity, with another 136 MW under development and expected online next year.
Silavwe highlights that these solar farms are “not just investments, but vital to Zambia’s future,” helping reduce power shortages, support local industry and offer opportunities for green-tech entrepreneurs.
With Zambia’s hydropower capacity strained by changing rainfall patterns, CEC’s solar expansion is critical. Reliable power opens the door for startup growth in agri-tech, clean manufacturing, and renewable infrastructure services, particularly in rural areas.
“By focusing on local energy needs first, we help businesses and communities grow,” Silavwe says. This reliable supply encourages new ventures to invest locally, knowing they can count on stable electricity.
CEC also powers industries in neighboring countries like the Democratic Republic of Congo, strengthening cross-border trade and encouraging the emergence of regional green-tech startups, including solar installers and energy management firms.
Startups and SMEs in renewable energy are encouraged to partner with CEC. CEC calls for businesses offering solar installation, battery storage or energy efficiency tools to engage with it through tenders and green tenders.
Zambia’s green-energy push presents a clear opening for local innovators. As CEC expands, it creates demand for solar equipment, project engineers and tech services ideal for entrepreneurs ready to enter the clean-tech ecosystem.
The company plans to update on future developments, emphasizing collaborations between public companies like CEC and local green-tech businesses to build a resilient and sustainable energy sector.
Why It Matters for Entrepreneurs
- Stable solar supply makes green tech viable.
- Regional power infrastructure attracts cross-border investment.
- Green bonds offer potential financing paths for startups.
- CEC partnerships can open doors to critical projects.
For climate-focused entrepreneurs, the message is clear: Zambia’s energy future is opening up and CEC is turning the key.
