The company signed a memorandum of understanding with the Zambian government in 2011 for geothermal energy exploration rights to "certain identified targets among them in Kafue basin" but delays to get environmental approval delayed commencement of the exploration works.
"After delays, we finally got the Environmental Impact Assessment (EIA) approval last year and in the next two weeks, we are looking at commencing shallow drilling. We will drill wells of 350 meters deep and depending on the results, we may do deep drilling in September," Moses Banda, company director, said on the sidelines of a mining conference in Lusaka on Wednesday."If the results from the deep drilling are satisfactory, we may start the plant design in the first quarter of next year and possibly commence power generation in 2015."
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