Agua Imara completes acquisition of LHPC shares
September 1, 2011 - Agua Imara has now completed the acquisition of 51% of Lunsemfwa Hydro Power Company Ltd's shares in Zambia.
The acquisition
On Thursday 1st of September, the acquisition of the majority share of Lunsemfwa Hydro Power Company Ltd (LHPC) was completed. Agua Imara now holds 51% of the shares, and the remaining shareholding is held by the initial shareholders.

The acquisition agreement was signed previously this year, and was presented when the company changed profile from SN Power AfriCA to Agua Imara 25th of May. 

LHPC currently owns two hydro power plants, Mulungushi Hydro Power Station and Lunsemfwa Hydro Power Station, and has a potential for at least 120 MW through rehabilitation of the existing plants as well as construction of new ones. The acquisition is therefore an important step towards achieving Agua Imara’s goal of acquiring around 700 MW of hydropower in operation or under construction by 2015.   

Why did LHPC choose Agua Imara as their partner?
Agua Imara’s team had approached LHPC not once, but three times before the company was willing to take a closer look at a potential partnership. According to LHPC’s CEO, Katai E Kachasa, they were reluctant towards partnerships with foreigners as Zambia has seen a high number of irresponsible foreign investors in the last few years. “When the Agua Imara team approached us we were not interested, but when they came down the third time we decided to listen to them. Then we figured they were really serious and had a good story to tell”.

According to Katai, there were two reasons behind LHPC’s interest in partnership: “We were happy with their ambitious expansion plans which fitted what we wanted to do. Our strategic plan is to grow our generation capacity to over 200 MW within a space of 6 years”. He continues, “But what really turned things around was the very impressive CSR programs that we saw when we went to visit the Philippines and Nepal. In Nepal they worked with the local communities to facilitate that they own a micro hydro plant. This idea to establish a business development within the local community is something we would like to replicate in Zambia”.

At present 80% of the Zambian population has no access to electricity, and the electricity demand is expected to increase from 1.600 MW to 3500 MW within the next five years, owing to the massive demand for more electricity from mining. Hydropower can therefore play a crucial role in meeting the country’s energy demand. This was confirmed by Katai: 

“Zambia needs to develop its hydropower potential, it is the only way we can address the massive challenge we have with poverty. We would like our partnership to play an important role in powering development” he concludes.  

About Lunsemfwa
Lunsemfwa Hydro Power Company has been operating as an independent power producer since 2001. The company operates an installed capacity of 46.5 MW, and sells its power to among others the Zambian national power utility ZESCO under a power purchase agreement.  

The company is based in Kabwe, Zambia, and is a prior subsidiary of Eskom Holdings Ltd.
BenchmarksTimeCountMemory
Kohana Loading0.00610.42MB
Environment Setup0.00110.07MB
System Initialization0.00210.15MB
Controller Setup0.02311.46MB
Controller Execution0.05410.53MB
Total Execution0.23712.56MB
QueriesTimeRows
PRAGMA auto_vacuum=FULL0.0010
PRAGMA foreign_keys=ON0.0000
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND category_id IS NULL AND `is_menuhidden` = 0 ORDER BY `categories`.`ord` ASC0.0005
SELECT `footer_links`.* FROM footer_links ORDER BY `footer_links`.`ord` ASC0.0002
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND `menu_title` = 'New category_7' ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `teaser`.`id` AS `teaser:id`, `teaser`.`created` AS `teaser:created`, `teaser`.`modified` AS `teaser:modified`, `teaser`.`modify_count` AS `teaser:modify_count`, `teaser`.`teaser_type` AS `teaser:teaser_type`, `teaser`.`heading` AS `teaser:heading`, `teaser`.`body` AS `teaser:body`, `teaser`.`start_img_uid` AS `teaser:start_img_uid`, `teaser`.`start_img_ext` AS `teaser:start_img_ext`, `teaser`.`start_img_name` AS `teaser:start_img_name`, `teaser`.`start_img_mime_type` AS `teaser:start_img_mime_type`, `teaser`.`start_img_title` AS `teaser:start_img_title`, `teaser`.`lower_img_uid` AS `teaser:lower_img_uid`, `teaser`.`lower_img_ext` AS `teaser:lower_img_ext`, `teaser`.`lower_img_name` AS `teaser:lower_img_name`, `teaser`.`lower_img_mime_type` AS `teaser:lower_img_mime_type`, `teaser`.`lower_img_title` AS `teaser:lower_img_title`, `teaser`.`link_type` AS `teaser:link_type`, `teaser`.`linked_article_id` AS `teaser:linked_article_id`, `teaser`.`linked_article_media_id` AS `teaser:linked_article_media_id`, `teaser`.`linked_article_file_id` AS `teaser:linked_article_file_id`, `teaser`.`custom_url_title` AS `teaser:custom_url_title`, `teaser`.`custom_url_link` AS `teaser:custom_url_link`, `categories_teasers`.* FROM categories_teasers LEFT JOIN `teasers` AS `teaser` ON (`teaser`.`id` = `categories_teasers`.`teaser_id`) WHERE `category_id` = 72 AND `teaser:teaser_type` = 3 ORDER BY `categories_teasers`.`ord` ASC0.0000
SELECT `teaser`.`id` AS `teaser:id`, `teaser`.`created` AS `teaser:created`, `teaser`.`modified` AS `teaser:modified`, `teaser`.`modify_count` AS `teaser:modify_count`, `teaser`.`teaser_type` AS `teaser:teaser_type`, `teaser`.`heading` AS `teaser:heading`, `teaser`.`body` AS `teaser:body`, `teaser`.`start_img_uid` AS `teaser:start_img_uid`, `teaser`.`start_img_ext` AS `teaser:start_img_ext`, `teaser`.`start_img_name` AS `teaser:start_img_name`, `teaser`.`start_img_mime_type` AS `teaser:start_img_mime_type`, `teaser`.`start_img_title` AS `teaser:start_img_title`, `teaser`.`lower_img_uid` AS `teaser:lower_img_uid`, `teaser`.`lower_img_ext` AS `teaser:lower_img_ext`, `teaser`.`lower_img_name` AS `teaser:lower_img_name`, `teaser`.`lower_img_mime_type` AS `teaser:lower_img_mime_type`, `teaser`.`lower_img_title` AS `teaser:lower_img_title`, `teaser`.`link_type` AS `teaser:link_type`, `teaser`.`linked_article_id` AS `teaser:linked_article_id`, `teaser`.`linked_article_media_id` AS `teaser:linked_article_media_id`, `teaser`.`linked_article_file_id` AS `teaser:linked_article_file_id`, `teaser`.`custom_url_title` AS `teaser:custom_url_title`, `teaser`.`custom_url_link` AS `teaser:custom_url_link`, `categories_teasers`.* FROM categories_teasers LEFT JOIN `teasers` AS `teaser` ON (`teaser`.`id` = `categories_teasers`.`teaser_id`) WHERE `category_id` = 72 AND `teaser:teaser_type` = 2 ORDER BY `categories_teasers`.`ord` ASC0.0000
SELECT `categories`.* FROM categories WHERE `category_id` = 72 AND `kind` = 0 AND `is_service` = 0 ORDER BY `categories`.`ord` ASC0.0000
SELECT `articles`.* FROM articles WHERE `category_id` = 72 AND `is_new` = 0 AND `menu_title` = 'Acquisition Zambia' ORDER BY `articles`.`ord` ASC LIMIT 0, 10.0001
SELECT `teaser`.`id` AS `teaser:id`, `teaser`.`created` AS `teaser:created`, `teaser`.`modified` AS `teaser:modified`, `teaser`.`modify_count` AS `teaser:modify_count`, `teaser`.`teaser_type` AS `teaser:teaser_type`, `teaser`.`heading` AS `teaser:heading`, `teaser`.`body` AS `teaser:body`, `teaser`.`start_img_uid` AS `teaser:start_img_uid`, `teaser`.`start_img_ext` AS `teaser:start_img_ext`, `teaser`.`start_img_name` AS `teaser:start_img_name`, `teaser`.`start_img_mime_type` AS `teaser:start_img_mime_type`, `teaser`.`start_img_title` AS `teaser:start_img_title`, `teaser`.`lower_img_uid` AS `teaser:lower_img_uid`, `teaser`.`lower_img_ext` AS `teaser:lower_img_ext`, `teaser`.`lower_img_name` AS `teaser:lower_img_name`, `teaser`.`lower_img_mime_type` AS `teaser:lower_img_mime_type`, `teaser`.`lower_img_title` AS `teaser:lower_img_title`, `teaser`.`link_type` AS `teaser:link_type`, `teaser`.`linked_article_id` AS `teaser:linked_article_id`, `teaser`.`linked_article_media_id` AS `teaser:linked_article_media_id`, `teaser`.`linked_article_file_id` AS `teaser:linked_article_file_id`, `teaser`.`custom_url_title` AS `teaser:custom_url_title`, `teaser`.`custom_url_link` AS `teaser:custom_url_link`, `articles_teasers`.* FROM articles_teasers LEFT JOIN `teasers` AS `teaser` ON (`teaser`.`id` = `articles_teasers`.`teaser_id`) WHERE `article_id` = 91 AND `teaser:teaser_type` = 3 ORDER BY `articles_teasers`.`ord` ASC0.0000
SELECT `teaser`.`id` AS `teaser:id`, `teaser`.`created` AS `teaser:created`, `teaser`.`modified` AS `teaser:modified`, `teaser`.`modify_count` AS `teaser:modify_count`, `teaser`.`teaser_type` AS `teaser:teaser_type`, `teaser`.`heading` AS `teaser:heading`, `teaser`.`body` AS `teaser:body`, `teaser`.`start_img_uid` AS `teaser:start_img_uid`, `teaser`.`start_img_ext` AS `teaser:start_img_ext`, `teaser`.`start_img_name` AS `teaser:start_img_name`, `teaser`.`start_img_mime_type` AS `teaser:start_img_mime_type`, `teaser`.`start_img_title` AS `teaser:start_img_title`, `teaser`.`lower_img_uid` AS `teaser:lower_img_uid`, `teaser`.`lower_img_ext` AS `teaser:lower_img_ext`, `teaser`.`lower_img_name` AS `teaser:lower_img_name`, `teaser`.`lower_img_mime_type` AS `teaser:lower_img_mime_type`, `teaser`.`lower_img_title` AS `teaser:lower_img_title`, `teaser`.`link_type` AS `teaser:link_type`, `teaser`.`linked_article_id` AS `teaser:linked_article_id`, `teaser`.`linked_article_media_id` AS `teaser:linked_article_media_id`, `teaser`.`linked_article_file_id` AS `teaser:linked_article_file_id`, `teaser`.`custom_url_title` AS `teaser:custom_url_title`, `teaser`.`custom_url_link` AS `teaser:custom_url_link`, `articles_teasers`.* FROM articles_teasers LEFT JOIN `teasers` AS `teaser` ON (`teaser`.`id` = `articles_teasers`.`teaser_id`) WHERE `article_id` = 91 AND `teaser:teaser_type` = 2 ORDER BY `articles_teasers`.`ord` ASC0.0000
SELECT `settings`.* FROM settings WHERE `settings`.`id` = 1 ORDER BY `settings`.`id` ASC LIMIT 0, 10.0001
SELECT `article_medias`.* FROM article_medias WHERE `article_medias`.`article_id` = 91 ORDER BY `article_medias`.`article_id` ASC, `article_medias`.`ord` ASC0.0001
SELECT `article_files`.* FROM article_files WHERE `article_id` = 91 ORDER BY `article_files`.`ord` ASC0.0000
SELECT `article_links`.* FROM article_links WHERE `article_id` = 91 ORDER BY `article_links`.`ord` ASC0.0000
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 65 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 2 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0000
SELECT `articles`.* FROM articles WHERE `category_id` = 65 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0000
SELECT `articles`.* FROM articles WHERE `category_id` = 34 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 34 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND `category_id` = 1 AND `is_menuhidden` = 0 ORDER BY `categories`.`ord` ASC0.0007
SELECT `articles`.* FROM articles WHERE `category_id` = 66 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 66 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 67 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 67 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 37 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0000
SELECT `articles`.* FROM articles WHERE `category_id` = 68 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 68 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 69 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 69 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 70 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 70 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 71 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 71 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND `category_id` = 2 AND `is_menuhidden` = 0 ORDER BY `categories`.`ord` ASC0.0004
SELECT `articles`.* FROM articles WHERE `category_id` = 74 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 74 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 75 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 75 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 76 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 76 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 77 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 77 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND `category_id` = 65 AND `is_menuhidden` = 0 ORDER BY `categories`.`ord` ASC0.0003
SELECT `articles`.* FROM articles WHERE `category_id` = 79 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 79 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 73 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 73 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `category_id` = 72 AND `is_new` = 0 ORDER BY `articles`.`ord` ASC0.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 72 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND `category_id` = 3 AND `is_menuhidden` = 0 ORDER BY `categories`.`ord` ASC0.0002
SELECT `categories`.* FROM categories WHERE `kind` = 0 AND `is_service` = 0 AND `category_id` = 34 AND `is_menuhidden` = 0 ORDER BY `categories`.`ord` ASC0.0000
SELECT `articles`.* FROM articles WHERE `articles`.`id` = 36 ORDER BY `articles`.`ord` ASC LIMIT 0, 10.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 69 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
SELECT `articles`.* FROM articles WHERE `articles`.`id` = 53 ORDER BY `articles`.`ord` ASC LIMIT 0, 10.0001
SELECT `categories`.* FROM categories WHERE `categories`.`id` = 68 ORDER BY `categories`.`ord` ASC LIMIT 0, 10.0001
Total: 560.01260
SessionValue
session_id43a7ac8588afbf2a1517b3150fa89b4a
total_hits15
_kf_flash_
Array
(
)
user_agentCCBot/1.0 (+http://www.commoncrawl.org/bot.html)
ip_address38.107.179.231
last_activity1337458920
CookiesValue
kohanasession43a7ac8588afbf2a1517b3150fa89b4a

Profiler executed in 0.002s