ZCCM-IH has disclosed that Maamba Collieries Limited (MCL) has reached an agreement with Anchor Lenders for the financing of the construction and installation of an additional 300MW power plant. ZCCM-IH Company Secretary Charles Mjumphi revealed that the $400 million project will be constructed within a 24-month period from August 2024 to July 2026. In a statement, Wednesday, Mjumphi stated that MCL had already signed a 20-year Power Purchase Agreement with Zesco for its phase II project. “The Board of ZCCM Investments Holding Plc (ZCCM-IH or the Company) wishes to inform the shareholders and the market that Maamba Collieries Limited (MCL), has reached an agreement with anchor lenders in relation to financing for construction and installation of an additional 300 MW...