Zambia heavy industry energy storage vehicle

Can Zambia create a competitive electric vehicle battery value chain?

Mr. John Mulongoti, Permanent Secretary-Investments and Industrialisation, MCTI, in his opening remarks shared Zambia’s resolve to create a competitive Electric Vehicle Battery value chain leveraging on the presence of the critical minerals, tailored towards sustainable development and inclusive growth.

Can battery storage be used with solar photovoltaics in Zambia?

The Zambian regulation foresees customs duty and VAT exemptions for most equipment used in renewable energy or battery storage projects. Detailed information is provided in In this section, we discuss the opportunity of battery storage in combination with solar photovoltaics from a financial point of view.

How much does storage cost in Zambia?

Zambia, between USD 500/kWh and USD 1,000/ kWh. With 3,650 kWh stored during the lifetime of the system, we can compute a cost of storage of USD 0.14/kWh and USD 0.27/kWh.

Will Zambia partner with DRC to produce electric vehicles?

Zambia says it will seek Western lenders for its plans to partner with the Democratic Republic of Congo (DRC) to jointly start producing electric vehicles batteries and cement a firm position in the global supply chain.

Why should German and European service providers invest in Zambia?

For German and European service providers active in the energy sector, Zambia presents significant potential for business development. There are clear needs across the solar energy and storage value chain, including pro-ject development and financing, equipment manufacturing, system inte-gration and contracting.

Why is the manufacturing sector growing in Zambia?

The manufacturing sector accounts for nearly 8% of the GDP. It has been consistently growing due to sustained investments in the sector and a general improvement in the business environment. The 2020 Labour Force Survey states that the manufacturing sector accounts for 27% of formal employment in Zambia.