ZCCM-IH Boosts Energy Investments to Power Mining Expansion

ZCCM Investments Holdings PLC (ZCCM-IH) said it is stepping up investment in the energy sector to secure a stable electricity supply for mining activities and support Zambia's long-term economic development.

In a statement, the company said reliable and competitively priced electricity remains critical to maximising the country's mining potential. It added that it is expanding a diversified energy portfolio to meet the increasing power requirements of both current operations and future mining developments.

According to ZCCM-IH's provisional unaudited financial results for the year ended 31 December 2025, the company is backing the expansion of Maamba Energy's generating capacity from 300 megawatts to 600 megawatts. The investment firm also holds a 35 per cent stake in the 100-megawatt Maamba Solar Project.

The report further states that ZCCM-IH has increased its shareholding in the Copperbelt Energy Corporation (CEC) to 33.51 per cent, strengthening its position within Zambia's electricity sector.

It also highlights the commissioning of the 136-megawatt Itimpi II Solar Project by CEC earlier this year, making it the largest solar power station in Zambia.

Commenting on the company's performance, Chief Executive Officer Kakenenwa Muyangwa described 2025 as a pivotal year that laid the groundwork for sustained growth over the coming decade.

Mr Muyangwa said ZCCM-IH had expanded its copper investment portfolio, accelerated its energy projects, cleared long-standing financial obligations and broadened its interests into gold mining.

He added that these strategic investments are expected to generate long-term value for shareholders while positioning the company to benefit from rising global demand for copper and support Zambia's target of increasing mineral production through improved and reliable energy infrastructure.