APPOINTMENT OF MANAGING DIRECTOR – ENG. JUSTIN C. LOONGO
The Board of Directors of ZESCO Limited (ZESCO), in conjunction with the Industrial Development Corporation, is pleased to announce the appointment of Engineer Justin C. Loongo as ZESCO Managing Director effective 7 February 2025. Eng. Loongo has led ZESCO in an acting capacity since November 2024. Prior to that he was the Director of Transmission, Operations and Trade. He served the Corporation in various capacities between 1994 and 2016, including as General Manager of the subsidiary Kariba North Bank Extension Power Corporation. Outside of ZESCO, Eng. Loongo worked at Lunsemfwa Hydo Power Corporation as the Chief Technical Officer from 2017 to 2021. He began his career as a Graduate Engineer at Zambia Consolidated Copper Mines’ Luanshya Division. He holds a Bachelor of Engineering (B.Eng) Degree in Electrical Engineering from the University of Zambia and comes to this role with vast experience in Project Management, supervising renewable energy projects, packaging and managing EPC Contracts, and executing projects funded by bilateral and multilateral funding agencies and development finance institutions including the World Bank, the African Development Bank, Development Bank of Southern Africa, Dutch Development Bank, Proparco, Export-Import Bank of India, Export-Import Bank of China, and European Investment Bank. He has negotiated various EPC contracts and mobilized financing for the 120MW Itezhi-Tezhi Hydropower project and engaged in different Public Private Partnership projects from conception to implementation. Eng. Loongo is also adept at financial modeling, negotiating Power Purchase Agreements and conducting pre-feasibility and feasibility studies. The Board and Management of ZESCO, and the Industrial Development Corporation look forward to Eng. Loongo applying his extensive and accomplished experience to lead ZESCO into its next phase of growth.