Executive Summary

Executive Summary Chilubula Enterprise Limited is developing the Matanda Solar Rising Initiative, a renewable energy infrastructure project located in Matanda Chiefdom near Chembe District in Zambia. The project is designed to establish solar photovoltaic power generation and battery energy storage systems to support sustainable electricity production, rural electrification, and digital connectivity infrastructure in underserved regions. Approximately 1,000 hectares of land have been secured through traditional leadership approval for renewable energy development, providing a strong foundation for large-scale solar power generation. The project is currently in the early development stage, with initial planning and project development activities underway. Chilubula Enterprise Limited is seeking strategic investment to support land surveying, feasibility studies, environmental assessments, engineering design, and project structuring required to advance the project toward full-scale development. The Matanda Solar Rising Initiative presents investors with an opportunity to participate in the early development phase of a renewable energy project aligned with Zambia’s growing demand for clean energy and sustainable infrastructure. Chilubula Enterprise Limited is seeking private equity investment to support the early-stage development of the Matanda Solar Rising Initiative, a renewable energy project located near Chembe District in Zambia. The investment will be used to finance critical pre-development activities required. Executive Team Summary Chilubula Enterprise Limited is led by a team of professionals committed to advancing renewable energy development and sustainable infrastructure initiatives in Zambia. Mr. Chembo Chilufya – Executive Director Founder and project lead responsible for strategic direction, partnership development, and oversight of the Matanda Solar Rising Initiative. Mr. Levy Kasanda – Project Development Team Member Supports project coordination and stakeholder engagement in the development of renewable energy initiatives. Mr. Mambwe Evans – Operations and Field Coordination Assists with local coordination, logistics, and project site activities. Mr. Joseph Tungati – Community Liaison Facilitates engagement with local communities and traditional leadership structures. Mr. Misheck Chembo – Technical Support Supports technical coordination and operational planning for project development activities. Ms. Rebeccah Malama – Administration and Project Support Provides administrative support, documentation management, and coordination of project activities. Chilubula Enterprise Limited is an early-stage enterprise focused on renewable energy development and sustainable infrastructure initiatives in Zambia. The company is currently in the project development phase and therefore has not yet generated significant operational revenue, as its primary focus has been on establishing strategic partnerships, securing land for development, and preparing renewable energy investment opportunities. The company has successfully secured access to approximately 1,000 hectares of land within Matanda Chiefdom near Chembe District, which has been designated for renewable energy infrastructure development. This milestone represents a significant foundational asset for the development of the Matanda Solar Rising Initiative. Current financial activity has been focused on project preparation, stakeholder engagement, and organisational development. As the project progresses through feasibility studies and technical assessments, Chilubula Enterprise Limited anticipates moving into the next stage of development where strategic investment will enable engineering design, environmental assessments, and grid integration planning. Upon completion of feasibility and project structuring, the Matanda Solar Rising Initiative is expected to attract larger-scale project financing for construction and operational phases. The long-term financial performance of the project will be driven by solar power generation and energy sales under potential power purchase agreements with national or regional energy markets. The company remains committed to building a financially sustainable renewable energy project that contributes to Zambia’s energy transition while creating economic opportunities for local communities. The market for renewable energy in Zambia continues to expand as demand for reliable electricity grows across both urban and rural areas. The country is actively promoting renewable energy development to support national electrification goals and reduce reliance on hydroelectric generation during periods of drought. The Matanda Solar Rising Initiative, being developed by Chilubula Enterprise Limited, is strategically positioned to contribute to this growing demand by developing solar photovoltaic power generation infrastructure in Matanda Chiefdom near Chembe District. The primary target market for electricity produced by the project will be through a Power Purchase Agreement (PPA) with ZESCO Limited, the national electricity utility responsible for electricity generation, transmission, and distribution in Zambia. Such agreements are commonly used to secure long-term electricity sales for renewable energy projects. In addition to utility-scale power supply, the project also presents opportunities to support local energy demand within surrounding communities, including residential households, schools, and small businesses in nearby rural areas where electricity access remains limited. The combination of utility-level energy sales and local electricity demand provides a strong market foundation for the project while contributing to Zambia’s national objectives for renewable energy expansion and rural electrification.