THE Energy Regulation Board (ERB) has approved 29 license applications and 12 construction permits across the petroleum, electricity and renewable energy sub-sectors, representing a combined investment pledge of K6 billion. In a statement, Thursday, ERB Public Relations Manager Namukolo Kasumpa said the steady growth in investments in the energy sector highlights the country’s favourable regulatory framework. “The Energy Regulation Board (ERB) has approved 29 license applications and 12 construction permits across the petroleum, electricity, and renewable energy sub-sectors, representing a combined investment pledge of K6 billion (US$266 million), underscoring growing investor confidence in Zambia’s energy industry. At its meeting held on November 14, the ERB Licensing Committee reviewed and approved the applications, signalling continued investor interest in Zambia’s energy sector....
