Chinese and Zambian Firms Meet to Discuss Investment in Energy Sector

  • They met at a seminar on China-Zambia energy cooperation organized by the Association of Chinese Corporations in Zambia in conjunction with the Chinese Embassy.
  • The minister said the government is open to bilateral and multilateral development cooperation, such as China-Zambia energy cooperation in various energy subsectors.

Du said China is willing to tap its technology and experience in clean energy development and utilization to deepen practical cooperation with Zambia. He expressed optimism that the authorities in Zambia will introduce more affordable, convenient and industry-friendly policies to facilitate collaboration between the two countries. Du urged local firms to utilize the seminar to attract Chinese companies with substantial capital, strength and superb technology to promote win-win cooperation.

The Chinese envoy expressed satisfaction that economic and trade cooperation with Zambia has taken root, with relevant projects blossoming in different parts of the southern African nation. Zambian Minister of Energy Peter Kapala said the seminar has come at the right time when the government is on a marathon program of strengthening the energy sector through various policy pronouncements.

He said the event had provided an opportunity to attract new investments and consolidate efforts between the two countries in flourishing investment and technology transfer for increased access to sustainable energy. The minister said the government is open to bilateral and multilateral development cooperation, such as China-Zambia energy cooperation in various energy subsectors.

Zheng Chao, executive vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, which organized the Chinese entrepreneurs’ trip to Zambia, said they had a better understanding of Zambia’s latest investment and cooperative policies and explored ideas on potential cooperation opportunities after the trip. He added that China had become the world’s largest renewable energy market and equipment manufacturer and a major global force in green and low-carbon transformation.

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