We are proud to be entrusted with the role of Fund Manager and Financial Trustee in the Carbon Feed-in Premium (CFIP) Mitigation Outcome Purchase Agreement (MOPA) between the Governments of Zambia and Norway.
CFIP MOPA is a policy-based programme eligible under Article 6 of the Paris Agreement which will pay eligible power plant developers a carbon reduction premium on a results-based basis.
From an adaptation perspective, the programme aims to generate 300MW of electricity through independent project developers. It also aims to reduce 3.5 million tonnes of carbon dioxide over the next ten years.
Today, we were part of the launch and signing ceremony of the CFIP MOPA – the largest legally binding agreement of its kind globally. Our team was led by Acting Chief Executive Officer, Mr. Kalengo Simukoko, who expressed that Zanaco’s participation demonstrates our commitment to contribute meaningfully to Zambia’s energy transition.
The event was graced by the Minister of Green Economy and Environment, Hon. Mike Mposha; the Norwegian Ministry of Climate and Environment Director General, Ms. Ingvild Sæverud and the GGGI Managing Director and Head of Carbon Finance department, Mrs. Fenella Aouane.
Zambia stands at the threshold of a new chapter in climate finance and renewable energy development. As Zanaco, we are honoured to stand with Zambia to execute with diligence, innovate with purpose and serve with the You First spirit that defines who we are.
