Zodiac Energy Bags US$3.28M Solar Project LOI in Zambia

Zodiac Energy Ltd has received a Letter of Intent (LOI) from an international entity in Zambia for a turnkey solar power project. The project involves the design, supply, installation, testing, and commissioning of a 6 MWp DC, 5 MW AC Ground Mounted Solar PV Power Plant with a 1 MWh Battery Energy Storage System (BESS) in Lusaka. The aggregate value of this order is US $3,288,000, equivalent to approximately ₹30.85 Crores. The project is expected to be executed within approximately nine months. This LOI is anticipated to enhance the company's footprint in the renewable energy sector and contribute to its revenue streams during the project execution phase. The name of the client remains confidential.