Mercuria and Exergy Energy Sign $250 Million Investment Deal for African Power Projects
Exergy, an Africa-focused energy investor, has signed a US$250 million financing deal with Mercuria to fund power generation and transmission projects across Southern and Eastern Africa. The investment will support two of Exergy's subsidiaries—Lunzua Power Company and Lusitu Transmission and Distribution—as they develop infrastructure aligned with Zambia’s goal of achieving 10,000 MW of electricity supply by 2031. The deal marks Mercuria's entry into the African power market and is one of the largest private capital commitments to Zambia's energy sector. Exergy operates across the entire power value chain in Africa through its subsidiaries and actively trades within Southern Africa, while also developing cross-border infrastructure projects like a transmission highway linking Zambia with East Africa. Mercuria emphasized that it was drawn by Zambia’s stability, growth plan, and regional position as well as Exergy's disciplined team and execution-ready pipeline. The partnership aims to address long-standing power bottlenecks in the region while supporting broader initiatives such as Mission 300—a World Bank-led effort aiming to connect 300 million Africans with electricity by 2030.
Topics: Energy Investment Private Capital Commitment Zambia Power Sector