KANONA Power Company says the recent scale of mining investment in the country requires more power than the country has previously needed. Kanona Board Chairperson Padmore Muleya adds that over $12 billion in mining investment since 2022 was driving Zambia’s power demand, with investors backing mining-linked energy projects. In a statement, Wednesday, Muleya said despite recent volatility, higher copper prices were sustaining mining expansion in Zambia and the DRC. “Investors are increasingly backing mining-linked and bankable power projects in Zambia as more than US$12 billion in mining investment since 2022 drives demand for reliable electricity, Kanona Power Company Limited has said. Speaking at the Investing in African Mining Indaba in Cape Town on Tuesday, Kanona board chairperson Mr Padmore Muleya...
