News

At 9:00 AM on October 25, 2025, Ever Great Energy Company Limited and ZIQUAN GROUP (SINGAPORE) PTE. LTD held a grand signing ceremony for the Phase I of the 4×150MW coal-fired power plant project at the Wonderful Group building. Senior executives from both companies attended this significant event, marking a new stage in Zambia's energy infrastructure development.

The total installed capacity of the signed coal-fired power plant project is 600MW (4×150MW), with the first phase set to commence construction first. Located in a key industrial zone of Zambia, the project is expected to significantly enhance local power supply capacity and provide stable energy security for economic development.

At the signing ceremony, Mr. Huang Yaochi, Chairman of Ever Great Energy Company Limited, and Mr. Wang Yuhua, Chairman of ZIQUAN GROUP (SINGAPORE) PTE. LTD, signed the project contract on behalf of their respective companies. In their speeches, both leaders emphasized that this cooperation is based on shared vision and complementary strengths in the energy sector, and they pledged full commitment to ensure the smooth implementation of the project.

As a well-known local enterprise in Zambia, Ever Great Energy possesses extensive experience in coal development and power project development. ZIQUAN GROUP, leveraging its professional expertise and financial strength in the international energy engineering field, will provide comprehensive support for the project. This powerful collaboration aims to build an efficient, environmentally friendly, and reliable modern coal-fired power plant.

The project will employ advanced clean coal technology to ensure stable power output while minimizing environmental impact, complying with international environmental standards. Upon completion, it will not only alleviate Zambia's current power shortage but also create numerous job opportunities and stimulate the development of related industrial chains.

Industry analysts note that the signing of this contract will have a profound impact on Zambia's energy landscape. The power plant will become a vital component of Zambia's diversified energy structure, enhancing national energy security, reducing over-reliance on traditional hydropower, and injecting strong momentum into industrialization and economic growth.

It is reported that the project is expected to commence construction formally in November 2025, with the first 150MW unit scheduled for commercial operation by the end of 2026. Once fully completed, the entire project will become a crucial power supply base for Zambia, providing solid support for the country's 2030 Energy Development Strategic Goals.