Mercuria Backs Zambia Power Expansion with $250 Million Investment

The financing targets the expansion of Exergy’s core subsidiaries, Lunzua Power Company and Lusitu Transmission and Distribution Company. These entities are currently developing a transmission highway intended to bridge Zambia with the East African power market. The initiative aligns with the Grow Zambia agenda, which seeks to reach a total capacity of 10,000 MW within the next five years to support the nation’s mining, agricultural, and industrial sectors.

Beyond domestic goals, the partnership supports the regional Mission 300 initiative, a World Bank and African Development Bank project designed to bring electricity to 300 million people across the continent by 2030. Mercuria’s entry into the region provides more than liquidity; the firm intends to integrate its global trading risk management and market analytics with Exergy’s local operational framework. Both firms cited Zambia’s recent electricity market reforms, specifically the introduction of open access, as the primary catalyst for the investment. By positioning Zambia as a central hub within the Southern African Power Pool, the partners aim to demonstrate a scalable model for private capital to bridge the infrastructure gaps that have historically constrained regional economic development.