FNB Zambia is set to be part of the French Zambia Chamber of Commerce 2020 Renewable Energy Conference as part of its strategic commitment to help enable government’s efforts to improve power generation and increase access to electricity.
Bydon Longwe, FNB Zambia CEO said: “FNB Zambia is excited to be among the sponsors of the 2020 Renewable Energy Conference. Sustainable energy has transitioned from the subsidised peripheries of electricity supply to become an important part of the power conversation, particularly in Zambia where it has the potential to provide millions of citizens and businesses with access to a more affordable, cleaner, easily deployable and rapidly scalable source of power.”
The issue of providing power to industries and communities across Zambia and the African continent is complex and multilayered. On the one hand, we have entered a time of great promise, where it is becoming easier and cheaper to maximise renewable energy resources. On the other, corporates face outdated regulatory hurdles as they try to formalize private power sources and relieve pressure off the grid. We find ourselves at a critical crossroads, where government, industry and financiers have the opportunity and responsibility to create favourable conditions for renewable energy sources.
To address these issues, the French–Zambian Chamber of Commerce is hosting a renewable energy conference in Zambia from 27th to 28th October 2020. The major objectives are to assess the potential of the renewable energy sector in Zambia and its prospects as well as allowing the private and public stakeholders to debate thematic subjects.
FNB Zambia Head of Corporate & Investment Banking (CIB), Kapumpe Chola Kaunda added: “Large portions of the population in Zambia do not have access to the electricity grid, which has sparked a rise in the demand for innovative off-grid power solutions. FNB is therefore committed to providing financial solutions for projects ranging from large-scale, centralised utility power generation to small-scale, off-grid power solutions and support for contractors across the energy value chain.”
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