Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) is actively enhancing its international utility-scale solar strategy through a series of diplomatic and governmental engagements in Zambia. These actions signify continued advancements toward the next phase of project planning, regulatory alignment, and long-term development as the Company broadens its global renewable energy platform.
Under the direct representation of Chief Operating Officer Eamonn McHugh, Stardust Solar has engaged with senior government officials, national utility leadership, and key stakeholders to promote its proposed solar projects. These discussions affirm Zambia's commitment to expanding its energy infrastructure and collaborating with private sector investors to meet the increasing national energy demand.
Meetings with senior representatives from the Ministry of Energy and national leadership highlighted Zambia's dedication to facilitating energy investment and accelerating project development. The dialogue underscored the supportive regulatory environment, the government's readiness to expedite project approvals, and the acknowledgment of the vital role private investment will play in enhancing electricity capacity.
During a meeting with Zambia's Vice President Mutale Nalumango, she expressed, "You are most welcome to Zambia. The energy market is huge, especially for what you are doing. Solar and clean energy are the way to go. To industrialize, we will need energy, particularly for mining, which relies on reliable power. With our growing population, energy demand will continue to rise. We are also very integrated energy-wise with our neighboring countries, so the market is huge. Your work will play an important role in powering Zambia's future growth."
Zambia offers a promising renewable energy market, driven by substantial solar resources, increasing industrial power demand, and a population exceeding 20 million. The nation’s openness to foreign investment and focus on energy security presents significant long-term growth opportunities.
Eamonn McHugh stated, "Our efforts in Zambia reflect our commitment to collaborating with governments and utilities to meet the rising energy demand. We appreciate the collaboration from Zambian leadership and their shared vision to accelerate the deployment of clean energy infrastructure in support of the industry, economy, and the people."
The Company further engaged with leaders from ZESCO and other key stakeholders to discuss Zambia's growing electricity demand and the necessity for new generation capacity. With a structural power deficit and a hydro-dominated grid, the country is prioritizing diversification through solar energy. Stardust Solar continues to advance project planning through coordination with government entities, utilities, and local partners as development progresses toward key milestones.
This initiative builds on the Company’s previously announced 20-year government-backed power purchase agreement (PPA) with Zambia’s national utility ZESCO for a 30MW utility-scale solar project, which is expected to generate substantial contracted revenue and recurring royalty cash flows over the PPA’s duration. Recently, the Company completed financing to support project development and bolster working capital.
Stardust Solar’s engagement in Zambia reflects the Company’s overarching strategy to expand its global renewable energy platform through disciplined planning, structured development, and robust collaboration with governments and utilities. By advancing projects in markets with supportive policy environments and growing energy demand, the Company continues to establish a scalable international pipeline while promoting long-term energy security and sustainability.
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