on ZCCM (EPA:MLZAM)
ZCCM-IH Invests $10M in CEC-R Green Bond
ZCCM Investments Holdings PLC has announced a USD10 million subscription to the second tranche of CEC Renewables Limited's green bond. The bond raised USD96.7 million to fund the 136MW Itimpi-2 solar project, expanding the existing 60MW Itimpi-1 solar PV plant. ZCCM-IH aims to contribute to Zambia's energy sector amidst an ongoing energy crisis. This investment aligns with the company's 2023-2026 strategy, emphasizing growth in mining and energy sectors.
The green bond supports ZCCM-IH's goal of diversifying its investment portfolio while enhancing returns. It also demonstrates ZCCM-IH’s commitment to developing the Zambian capital market. The bond complies with ICMA Green Bond Principles and is listed on the Lusaka Securities Exchange.
R. H.
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