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Globeleq to acquire majority stake in Zambia’s Lunsemfwa Hydro Power Company - Innovation Village | Technology, Product Reviews, Business
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Globeleq to acquire majority stake in Zambia’s Lunsemfwa Hydro Power Company - Innovation Village | Technology, Product Reviews, Business
Globeleq, a leading independent power producer focused on Africa, has entered into a definitive agreement to acquire a 51% equity stake in Lunsemfwa Hydro Power Company (LHPC), a Zambian renewable energy company. The stake is being sold by Agua Imara, a subsidiary of Norfund, the Norwegian investment fund for developing countries. LHPC, headquartered in Kabwe, Central Province of Zambia, currently operates two hydroelectric power plants with a c…
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