Emco Zambia power station

From Global Energy Monitor
This article is part of the CoalSwarm coverage of Zambia and coal
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Emco Zambia power station was a proposed 340-megawatt (MW) coal-fired power station in Sinazongwe, Zambia.

The related company likely entered a liquidation process in 2019. The proposal appears shelved or cancelled.

Location

The map below shows Sinazongwe, the approximate location for the power station.

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Background

In September 2012, the Zambia government signed an implementation agreement with EMCO Energy Zambia of EMCO Energy for a coal mine and power station in Sinazongwe, at a cost of US$1.0 billion.[1]

In July 2013, it was reported that EMCO Energy Zambia planned to construct a 600 MW thermal power plant in Sinazongwe at a cost of US$690 million. The power generated from phase one (300 MW) of the plant would be supplied to Zambia Electricity Supply Corporation (ZESCO), while the power from phase two (300 MW) would be supplied to a variety of customers in the region.[2]

In September 2014, ZESCO signed an agreement to purchase power from a 300 MW coal power facility of EMCO Energy Zambia. (In this article, the company was referenced as a local entity of "EMCO Resources" and the CEO, Ajit Mishra, appeared based in Maharashtra, India.[3])[4]

Construction was planned to begin in 2016.[5]

In October 2015, ZESCO said it expected to complete the Power Purchasing Agreement for the plant in the next month with EMCO Energy Zambia, and construction was expected to begin over the next two months.[6]

In December 2017, the Zambia Development Agency signed a US$1 billion investment agreement with EMCO Energy Zambia Limited for the construction of a 340 megawatt coal plant in Sinazongwe district.[7]

There have been no known developments on the project since December 2017, and it appears to be shelved or cancelled.

Ownership & bankruptcy

Although there are Canadian companies named EMCO and EMCO Energy,[8][9] this proposal was likely related to an India-based company. The India-based EMCO reportedly has or had its foot-print "in more than 50 countries." For example, it formed a Joint Venture in South Africa to address the demands of countries in and around South Africa.[10]

In July 2019, a corporate insolvency resolution process was initiated against the company based on a National Company Law Tribunal order from the Mumbai bench.[11] The liquidation for EMCO Limited commenced on August 9, 2021.[12]

In EMCO Limited's October 2021 "Investment Teaser" during the liquidation process, the "Key Attractions / Credentials" included the following: "Executed prestigious 330 and 132 kV substation projects for ZESCO in Zambia, Africa."[13]

As of March 2022, the liquidation process remains ongoing.[14]

Project Details

  • Sponsor: EMCO Energy Zambia
  • Parent company: EMCO Energy
  • Location: Sinazongwe district, Southern Zambia
  • Coordinates: -17.25, 27.466667 (approximate)
  • Status: Cancelled
  • Capacity: 340 MW
  • Type:
  • Projected in service:
  • Coal Type:
  • Coal Source: Sinazongwe
  • Source of financing:

Articles and resources

References

  1. "Govt, Emco Deal to Address Power Deficit," The Zambian, September 21, 2012
  2. "New thermal plant to boost Zambia's power supply," African Review, July 14, 2013
  3. "Work Biography for Ajit Mishra, EMCO," Datanyze, accessed December 2021
  4. "Zambia Electricity Supply signs power purchase agreement with EMCO Energy," September 23, 2014
  5. "Zambia’s Sinazongwe Coal Power Plant To Be Established Soon," Footprint to Africa, October 22, 2015
  6. "Zambia: 600MW coal-fired power plant PPA pending," ESI Africa, October 30, 2015
  7. "Zambia Development Agency and EMCO Energy sign $1 billion investment agreement," Lusak Times, December 19, 2017
  8. "About," EMCO Energy, accessed November 2021
  9. "About Us," Empire Manufacturing Company Limited, accessed December 2021
  10. "International," EMCO, accessed December 2021
  11. "Press Releases," EMCO, accessed December 2021
  12. "EMCO Limited," EMCO Limited, accessed December 17, 2021
  13. "EMCO LIMITED (Under Liquidation) Investment Teaser," EMCO, BDO Restructuring Advisory LLP, October 2021
  14. "PUBLIC ANNOUNCEMENT," EMCO, March 8, 2022

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