Ngonye Solar Power Station
Ngonye Solar Power Station, is a solar power plant in Zambia. The solar farm that was commercially commissioned in April 2019, was developed and is owned by a consortium comprising
Enel Green Power of Italy, a multinational renewable energy corporation, and the Industrial Development Corporation of Zambia, a parastatal company. The power station cost about US$40 million to develop.
Location
The power plant is located in the Lusaka South Multi-Facility Economic Zone, in Kafue District, in Lusaka Province, approximately, by road, southeast of the central business district of Lusaka, the capital of Zambia and the largest city in that country. The geographical coordinates of Ngonye Solar Power Station are 15°31'03.0"S, 28°25'44.0"E, situated immediately south of Bangweulu Solar Power Station.Overview
The Government of Zambia, through IDC Zambia, working with the World Bank Group, as part of the bank's program "Scaling Solar", awarded the tender to develop this power station to Enel Green Power, a renewable energy subsidiary of Enel, the Italian multinational manufacturer and distributor of electricity and gas. EGP and IDC formed an ad-hoc joint venture company, Ngonye Power Company Limited, to design, build, own and operate this power plant. The energy generated here will be purchased by Zambia Electricity Supply Corporation Limited, under a 25-year power purchase agreement, at US$0.078 per kWh.Ownership
This power station is owned by a consortium whose members are illustrated in the table below. The members of the consortium formed a special purpose vehicle company Ngonye Power Company Limited, which operates and maintains the power station.| Rank | Shareholder | Domicile | Ownership | Notes |
| 1 | Enel Green Power | Italy | 80.0 | |
| 3 | IDC Zambia | Zambia | 20.0 |
Funding, construction and timeline
The table below illustrates the sources of funding for this renewable energy infrastructure project:| Rank | Fund Source | Dollar Amount | % of Total | Notes |
| 1 | Enel | 4.8 million | 12.0 | Equity |
| 2 | IDC Zambia | 1.2 million | 3.0 | Equity |
| 3 | International Finance Corporation | 10.0 million | 25.0 | Loan |
| 3 | IFC–Canada Climate Change Program | 12.0 million | 30.0 | Loan |
| 4 | European Investment Bank | 12.0 million* | 30.0 | Loan |
| Total | 40.0 million | 100.0 | - |
- Note: Some figures are rounded up to balance table totals.