Globeleq to acquire Lunsemfwa Hydro Power Company from Norfund.

Globeleq, a power company, agreed to acquire Lunsemfwa Hydro Power Company, a company operating two hydroelectric power plants, from Norfund, a private equity company. Financial terms were not disclosed. "We are excited about this opportunity to enter the Zambian market. LHPC's established team, operations and trading capabilities combined with our extensive experience in Africa, create a strong platform to support Zambia's broader energy objectives and deliver solutions to a range of energy consumers in the region," Jonathan Hoffman, Globeleq's CEO.