Minigrids Construction Tender

Scope MySol Grid Zambia has secured 7.5 million of debt from the Facility for Energy Inclusion FEI to build 60 minigrids. The projects will provide electricity to more than 40000 people in rural areas. Importantly MySol Grid Zambia is a subsidiary of EEA established by African Development Bank and managed by UK-based investment bank Cygnum Capital. MySol Grid Zambia will construct own and operate the minigrids under Increased Access to Electricity and Renewable Energy Production IAEREP program. As part of IAEREP the European Union previously allocated 6 million 6.5 million grants to Engies offgrid unit. This was actualized in the context of the EU Global Gateway initiative. Importantly zambias population is highly dispersed across rural areas making expansion of the national grid economically and technically challenging. Therefore decentralized energy solutions are critical to the Zambian governments efforts to achieve its official target of universal access to energy by 2030. The governments stated goal by 2023 was to deploy 500 MW of solar PV. Indeed the offgrid solar sector has made significant progress in attracting finance with companies offering pay-as-you-go and cash sale options for solar home systems solar lanterns solar appliances and solar water pumps.