Executive Summary

Executive summary of business Chilubula Enterprises Ltd, in partnership with Matanda Chiefdom, is pioneering Solar Rise—a 500 MW utility‑scale solar project in Mansa District, Luapula Province, Zambia. Our revenue model is straightforward: we will sell generated power to ZESCO under a long‑term Power Purchase Agreement (P.P.A.), providing predictable cash flows and bankable project economics. The plant will strengthen Zambia’s energy security, diversify beyond hydro-power, and accelerate rural electrification, while reducing carbon emissions and aligning with national renewable targets. Community‑anchored governance ensures inclusive development, with jobs, vocational training, and enterprise opportunities for youth and disabled persons. With secured land and phased development, Solar Rise is structured for EPC delivery, grid integration, and scalable expansion. We are seeking strategic partnerships and private equity investment to finance feasibility, EPC, and commissioning—offering investors stable, utility‑offtake revenues plus measurable social and environmental impact. “Seeking $500m in private equity and strategic partnerships to finance feasibility, EPC, and commissioning of a 500 MW solar farm in Matanda Chiefdom, Zambia, with revenues secured through a long‑term PPA to ZESCO.” Executive Team Summary Chembo Chilufya – Chief Executive Officer. Founder and CEO of Chilubula Enterprises Ltd, Chembo brings over 30 years of leadership experience as former Head of Languages Department in Zambia’s Ministry of General Education. He has successfully founded and managed multiple rural enterprises, including Solar Rising (renewable energy solutions), Chemmata Enterprise (vocational tailoring hub), and KOSAPO Disabled Care (NGO for disabled empowerment). Chembo is a visionary strategist with deep expertise in donor engagement, legal compliance, and modular project design. His track record demonstrates resilience, transparency, and community‑anchored leadership, making him the driving force behind Solar Rise. Evans Mambwe – Director of Operations Evans is an experienced project manager with a background in infrastructure development and operational scaling. He has overseen rural electrification initiatives and brings technical expertise in solar PV deployment, supply chain management, and EPC coordination. His operational leadership ensures that Solar Rise will be delivered on time, within budget, and aligned with international standards. Yvonne Mwape – Director of Finance & Administration Yvonne is a seasoned finance professional with experience in SME financial management, donor reporting, and compliance. She has managed grant portfolios for community organizations and is skilled in transparent record‑keeping and resilient financial systems. Her expertise ensures investor confidence through accurate reporting, risk management, and accountability. Misheck Chembo – Director of Community Engagement Misheck specializes in stakeholder relations, community mobilization, and vocational training programs. He has led initiatives that empower youth and disabled persons through skills development and enterprise creation. His role ensures that Solar Rise remains deeply rooted in community priorities, delivering measurable social impact alongside financial returns. Philemon Matanda – Director of Legal & Governance Philemon is a legal literacy advocate with expertise in NGO and company registration, compliance frameworks, and governance structures. He has guided multiple rural enterprises through regulatory processes and ensures that Solar Rise operates within Zambia’s legal and energy policy frameworks. His oversight guarantees investor security and project legitimacy. Team Strengths Proven Track Record: Each member has led successful community‑based ventures and development projects. Complementary Expertise: The team covers strategy, operations, finance, community engagement, and governance. Community Anchoring: Strong ties to Matanda Chiefdom ensure local support and legitimacy. Transparency & Compliance: Legal and financial systems are designed for donor and investor confidence. Scalability: The team has experience expanding rural enterprises into sustainable, multi‑sector hubs. Together, this executive team combines visionary leadership, technical expertise, financial discipline, and community trust. Solar Rise is positioned not only as a bankable renewable energy project but also as a transformative development initiative for Zambia. Overview of Financial Performance Chilubula Enterprises Ltd is currently in the pre‑revenue stage with respect to the Solar Rise project. The company has secured land in Matanda Chiefdom and completed foundational steps in project registration, governance structuring, and community engagement. While no revenues have yet been generated from electricity sales, the business model is designed to achieve stable and predictable income streams through a long‑term Power Purchase Agreement (PPA) with Zambia Electricity Supply Corporation (ZESCO), the country’s national utility. Current Financial Position Revenue: Pre‑revenue; no electricity sales yet. Profitability: Not yet profitable, as the project is in development phase. Capital Structure: Self‑financed through founder contributions, community support, and small grants for enterprise development. Expenditure: Focused on feasibility preparation, legal compliance, and organizational setup. Projected Financial Growth Revenue Growth: Upon commissioning, Solar Rise will generate consistent revenues from ZESCO under the PPA. Utility‑scale projects of this size are expected to deliver strong cash flows, with annual revenues projected to grow steadily as capacity is phased in. Profitability Timeline: Profitability is expected within the first 3–5 years of operation, depending on financing terms and grid integration schedules. Scalability: The 500 MW capacity positions the company for significant expansion, with potential to add complementary ventures in agro‑processing and rural electrification. Financial Transparency & Governance Chilubula Enterprises Ltd has established resilient record‑keeping systems, donor‑ready documentation, and transparent governance structures. Financial reporting will adhere to international standards, ensuring investor confidence and compliance with Zambian regulatory requirements. Summary: While the company is not yet profitable and remains pre‑revenue, the secured land, structured governance, and planned PPA with ZESCO provide a clear pathway to sustainable revenues and long‑term profitability. Solar Rise represents a high‑impact investment opportunity with strong financial fundamentals once operational. Overview of Market Zambia’s electricity market is currently dominated by hydropower, which accounts for more than 80% of national generation capacity. While hydropower has historically provided reliable energy, climate change and recurring droughts have exposed vulnerabilities in supply, leading to frequent power shortages and load‑shedding. This has created an urgent need for diversification into renewable energy sources such as solar, which offer resilience, scalability, and sustainability. The Zambian government has prioritized renewable energy development under its national energy policy, with strong support from the Ministry of Energy and the Energy Regulation Board (ERB). Solar power is recognized as a key driver of energy diversification, rural electrification, and industrial growth. In addition, Zambia is part of the Southern African Power Pool (SAPP), which allows surplus electricity to be traded regionally, creating opportunities for cross‑border sales and expanded market reach. Demand for electricity in Zambia continues to grow, driven by population growth, urbanization, and industrial expansion in mining, agriculture, and manufacturing. The Copperbelt Province, in particular, requires stable and reliable power to sustain mining operations and industrial activity. Rural areas, including Luapula Province, remain underserved, with electrification rates below 30%. Solar Rise directly addresses this gap by delivering clean, reliable energy to both rural communities and industrial users. The market for utility‑scale solar projects in Zambia is still emerging, which positions Solar Rise as a first‑mover opportunity. Several pilot projects have demonstrated feasibility, and international investors are increasingly interested in Zambia’s renewable energy sector due to favorable solar irradiation levels, government incentives, and the potential for long‑term Power Purchase Agreements (PPAs) with ZESCO, the national utility. Globally, renewable energy investment is accelerating, with solar power leading as the fastest‑growing energy source. Africa is projected to be a major growth frontier, with abundant solar resources and rising demand for sustainable energy solutions. Zambia’s strategic location, stable governance, and integration into regional power markets make it an attractive destination for investors seeking both financial returns and measurable impact. Summary: The Zambian energy market is at a critical juncture, with high demand, limited supply, and strong government support for renewable energy. Solar Rise is positioned to capitalize on this opportunity by delivering 500 MW of clean, reliable power under a long‑term PPA with ZESCO, while contributing to rural electrification, industrial growth, and regional energy trade. This combination of market demand, policy support, and community anchoring makes Solar Rise a compelling investment opportunity in one of Africa’s most promising renewable energy markets.