By BUUMBA CHIMBULU
CHINESE investors have set up a US$4 million biofuel production plant in Chisamba District which will assist Government save foreign exchange by reducing petroleum imports by 100 percent.
This is according to the Zambia Development Agency (ZDA) acting director general, Matongo Matamwandi.
Mr Matamwandi said the two Chinese investors are part of the four investors that expressed interest in setting up bio fuel plants.
He said in an interview in Lusaka that ZDA was actively promoting investments in alternative and clean fuel because importing finished fuel was expensive.
“Out of those projects they can get alcohol but mostly they can get fuel that we can blend with the fuel that we are importing,” he said.
“Our focus is that it mitigates a situation where we import 100 percent all the fuel we use, we can use bio fuel to start producing some of that and blend,” Mr Matamwandi said.
ZDA, Mr Matamwandi said, had so far promoted about four investments which would produce bio fuel using cassava.
Mr Matamwandi said such investment would assist Government to free out foreign exchange and encourage the industry to grow.
He said, “We can cut down on how much fuel we are going to import and that helps free up foreign exchange and also creates industries.
“The latest one [project] we promoted which they have even finished the structures in Chisamba, is about US$3 million to US$4 million, but we are expecting four of them.”