The Zambia – Tanzania Interconnector Project (ZTIP) is a World Bank-backed initiative that aims to expand Zambia’s access to affordable energy by improving power transmission with Tanzania. The project is designed to enhance electricity services, promote job creation, and provide energy to rural areas, ultimately boosting the economy and productivity in both Zambia and the Southern Africa region.
A new initiative, the Zambia – Tanzania Interconnector Project (ZTIP), supported by the World Bank, aims to enhance Zambia’s access to affordable and sustainable energy. The project is expected to boost the economy and employment opportunities by improving electricity services in Zambia and the Southern Africa region. By facilitating electricity access in rural areas, it will enhance education and health services, thereby promoting productivity and business growth.
Zambia’s energy sector faces financial challenges that limit its economic potential. The ZTIP addresses these issues by strengthening the power transmission infrastructure between Zambia and Tanzania, thus promoting electricity trade between East and Southern Africa. The project is aligned with efforts to enhance regional energy sustainability and aims for universal electricity access.
The ZTIP represents a significant investment in Zambia’s energy infrastructure, with a total financing of $292 million. This initiative will not only improve energy access but also enhance climate resilience, reduce dependence on hydropower, and support future renewable energy projects. Through collaboration with various international entities, the project seeks to transform the Southern African energy market and promote economic growth.
Original Source: nextbillion.net
