A Compelling Investment in Sustainable Energy Leadership
Copperbelt Energy Corporation Plc (CEC) is a premier energy solutions provider in Zambia and the sub-Saharan African region, strategically positioned to capitalise on the growing demand for reliable, sustainable, and cost-efficient power.
As the backbone of energy supply to Zambia’s thriving mining sector, CEC is integral to driving industrial and economic growth. The company is committed to fostering long-term value creation with a proven track record of operational excellence, innovative energy management, and an expanding portfolio that includes renewable energy projects.
Its robust infrastructure, strategic partnerships, and adherence to global ESG standards underscore its resilience and adaptability in a dynamic energy landscape. CEC’s focus on operational efficiency, diversified revenue streams, and a strong commitment to sustainability make it a compelling investment opportunity for stakeholders seeking stable returns, growth potential, and alignment with sustainable development goals.
Revenue (USD)
227.84 million
2023: 186.59 million
22%
Cash Generation from Ops (USD)
48.97 million
2023: 18.80 million
160%
Adjusted PAT (USD)
46.17 million
2023: 27.47 million
68%
Half Year Results 2024
Performance Highlights
Total revenue for the six months to 30th June 2024 was USD 227.8 million, 22% above the comparative period last year primarily driven by growth in our regional power supplies of 63%. Local power sales recorded some recovery, growing by 7% while wheeling revenue had a marginal growth of 2%.
Owen Silavwe, CEO
"We remain committed to expanding our renewables footprint as our contribution to the diversification of the national energy mix. In line with this ambition, we have commenced work on the development of phase two of the Itimpi solar project involving construction of a 136MW PV solar plant."
