Categories: BusinessMining

Zengamina Hydro Power Lights Up Ikelenge, mines Crypto Currency.

By Kalata News

Ikelenge, March 2025 – THE small district of Ikelenge has been spared from the erratic power supply from ZESCO Limited.

Powered by Zengamina Power Limited (ZPL), a privately developed, vertically integrated mini utility company that generates renewable power from a 750kw low impact, run-of-river mini hydro-electric scheme on the upper Zambezi River supplies, the mini hydro supplies power to the Ikelenge District of North West Province.

The power station transmits the power across an independent ‘island grid’, about 100km from the national grid, and directly supplies and bills around 450 households and customers. This has stimulated businesses in the area, is improving healthcare and allowing the district to be connected in real time to the rest of the country and the world through this renewable source of hydro power.

 

Zengamina Hydro Power Station

 

The Zengamina power project is a community based initiative, managed by ZPL on behalf of the owner North West Zambia Development Trust (NWZDT), a charity seeking to alleviate poverty in the area.

It is run by Daniel Rea, who is its current developer and Director.

The project recently added crypto mining to its growing number of customers. Speaking to the British Broadcasting Corporation (BBC) in a recent interview, Bitcoin miner Philip Watson said each machine makes about $5 (£3.90) a day, but says they can make a profit even when the value of the bitcoin goes low thanks to the cheap electricity on the site and the partnership they have with the energy company.

“We recognised that in order to get better mining economics we needed to partner with the power company here and give them a revenue share. And so the reason we’re willing to come out here somewhere so remote is it allows us to effectively get cheaper power,” Philip explained.

For more, download the Magazine:

kalata

Recent Posts

HH auctions 150 Bulls

Namwala - President Hakainde Hichilema on June 1 in Namwala  at his Ibamba Ranch put…

8 hours ago

Anyone Can Register Company Name with “Airtel” Name In It, says High Court

Anyone Can Register Company Name with “Airtel” Name in it By Dickson Jere When Bharti…

3 days ago

Why Companies Are Not Investing In Zambia; Capital Follows A Path of Least Resistance, says US

By Kalata News Lusaka, May,2025 – INVESTMENTS follow countries where there is good governance and…

4 days ago

Inflation is at 16.5%

Inflation in Zambia The annual inflation rate in Zambia is currently at 16.5%. In January 2025,…

5 days ago

MONETARY POLICY RATE AT 14.5%: What the Latest Bank of Zambia Decision Means for Your Business

By Kamphembele Ngulube The Bank of Zambia (BoZ) has maintained the Monetary Policy Rate at…

1 week ago

Kafulafuta Dam Now Operational

Kafulata Dam Completed, Farmers To Have Year Around Access To Irrigation Water. By Kalata News…

1 week ago