What a credit committee asks, answered.
The Chiyaba projects, Daybreak and Zenith, are at the stage where the documents matter more than the pitch. Request access and we will open the data room under NDA.
What is in the room
- Project Information MemorandumFull PIM for the Chiyaba site, both phases
- Financial modelBankability-grade; sculpted debt service, DSRA, MRA, IDC capitalisation, sensitivities
- Implementation AgreementExecuted with the Government of the Republic of Zambia, December 2025
- Permits & licencesZEMA authorisation, ERB licence and construction permit, ZESCO grid connection agreement
- LandFreehold title deeds and survey
- OfftakePPA heads of terms; tripartite commercial structure; bankability review
- TechnicalYield assessment, grid impact study, evacuation infrastructure BOQ, BESS specification
- E&SESIA, ESMS, stakeholder engagement plan, grievance mechanism, aligned to IFC Performance Standards
- Market accessSAPP supplier and trader registration (in progress); regional offtake options
- Insurance & riskPolitical-risk cover structure, risk matrix, mitigation register
Who we are looking for
Senior lenders
Regional commercial banks and DFIs able to size against a single phase or the combined 100 MW site. Term discussions are under way; we welcome parallel processes.
Equity & DFI co-investors
Institutional and development-finance equity at the SPV or platform level. The sponsor retains control and is open to staged entry.
Strategic co-developers
IPPs and developers seeking pipeline in Zambia. Joint-development structures across the 375 MW pipeline are available.
Climate & carbon finance
Concessional tranches, grant funding for evacuation infrastructure, and carbon revenue partners.
Key risks and how they are managed.
A summary of the principal risks a lender or investor will assess for the Chiyaba projects, the mitigation in place, and where the evidence sits in the data room.
| Risk | Mitigation | Evidence in the data room |
|---|---|---|
| Offtake and revenue | Heads of terms agreed for a 25-year USD-indexed PPA with a premium offtaker. SAPP supplier and trader registration under way to open regional sales. | PPA terms, bankability review, offtaker credit information |
| Grid and curtailment | Connection to the ZESCO 88 kV network at Gota Gota substation through dedicated evacuation infrastructure. Phase 1 export matched to current substation capacity; Mpishi funds the upgrade under the Implementation Agreement, with phased export agreed with the regulator. | Grid Connection Agreement, grid studies, ERB correspondence, upgrade BOQ |
| Construction and completion | Fixed-price, date-certain EPC with liquidated damages aligned to the PPA; independent and owner's engineers through COD. | EPC term sheet, project schedule, technical due-diligence scope |
| Solar resource | Site yield based on the World Bank-validated Solargis dataset for Zambia, whose regional adaptation reduced yearly GHI uncertainty to about ±4–5%; P50 and P90 cases modelled. | Yield assessment, P50/P90 sensitivities |
| Currency | USD-indexed tariff matched to USD-denominated senior debt. | Financial model, PPA indexation clause |
| Political and regulatory | Implementation Agreement with the Government of Zambia; political-risk insurance priced into the model. | Implementation Agreement, PRI structure |
| Environmental and social | ESMS aligned to IFC Performance Standards; freehold land on a willing-seller basis; grievance mechanism and SEAH safeguards in place from development. | ESIA, ESMS, stakeholder engagement plan, policies |
| Integrity | Anti-corruption, whistleblowing and know-your-counterparty controls applied to every investor, contractor and agent. | Approved policies, KYC procedures |
Important information
This website is provided for information only. It does not constitute an offer to sell, or a solicitation of an offer to buy, any securities or interests in Mpishi Energy Limited or any of its project companies, and must not be relied on in connection with any investment decision.
Figures, capacities, timelines and estimates are indicative, based on information available at the date of publication, and subject to change, final documentation, financing and regulatory approvals. Forward-looking statements involve risks and uncertainties; actual outcomes may differ materially. Any investment will be made only on the basis of definitive documentation and the recipient's own due diligence.