The plant was developed by the Kariba North Bank Extension Power Corporation, a subsidiary of the . It was constructed by Power China International Group and financed through a mix of equity and debt. Stanbic Bank Zambia provided a loan of US$71.5 million, while ZESCO and KNBEPC each contributed US$30 million in equity. The total investment for the first phase was approximately US$100 million. The facility has an installed capacity of 100 MW and utilizes advanced photovoltaic (PV) panel.
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