Acquiring Company
Globeleq
Acquired Company
Lunsemfwa Hydro Power Company
Nairobi
KabweConstructionBuilding MaintenanceEnergyRenewable EnergySolarBiomass EnergyDescription
Globeleq has acquired a 51% equity stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market. This acquisition enhances Globeleq's portfolio in hydropower and facilitates active electricity trading in the South African Power Pool. The deal is seen as a significant step for the growth of both companies in the region.
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When Globeleq changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Lunsemfwa Hydro Power Company?
Lunsemfwa Hydro Power Company was acquired by Globeleq, based in Nairobi. The deal was reported on March 3, 2026. Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity, project development and construction management experience. Globeleq is privately held and operates in Construction.
When did Globeleq acquire Lunsemfwa Hydro Power Company?
Globeleq's acquisition of Lunsemfwa Hydro Power Company was reported on March 3, 2026. Globeleq has acquired a 51% equity stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lunsemfwa Hydro Power Company do?
Lunsemfwa Hydro Power Company operates two hydroelectric power plants totaling 56MW and is constructing a 20MW solar PV project. It sells power to the Zambia Electricity Supply Corporation and private customers, holding an electricity trading license. It is privately held, operating in Energy, and is based in Kabwe.
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