Development of the Kabompo Gorge hydroelectric power project in Zambia has taken a major step forward following the signing of an Implemetation Agreement between the country’s government and developers Copperbelt Energy Corporation (CEC) and KHPL.
The agreement will allow the developers to complete the remaining project pre-implementation activities including the mobilization of financial resources for project construction.
CEC and CEC-KHPL Chairman, Hanson Sindowe, said the Implementation Agreement is essentially the go-ahead from the Government and an assurance that it [Government] was behind CEC and would do all that it needs to do to ensure that the project takes off.
"The Government has given us the concession to develop this project. Certain actions and rights can only be taken and granted by the Government and it is these that underlie the Implementation Agreement," said CEC and CEC-KHPL Chairman, Hanson Sindowe.
The Implementation Agreement provides direct contractual obligations and undertakings on the part of both the Zambian Government and the project developers.
