LD ANSARI 2

The USD 300 million Itezhi Tezhi project being
constructed by Itezhi Tezhi Corporation (ITPC) is a joint
venture between the Zambia Electricity Supply Company (ZESCO)
and Tata Africa Holdings. India will provide a USD 50 million
LOC for this ambitious project.
Katju said project has been designed to produce 120
megawatts of electricity, which will help contribute to the
energy sector of Zambia. The measure is likely to give a boost
to industrial investments in the country.
He said that the USD 50 million loan granted on
concessional terms will go to ZESCO's equity participation.
Earlier, Ansari referring to the old and special
relationship with African countries, said India's engagement
in Africa is at its own pace and as per its capabilities.
Asked how India will respond to the China's
"aggressive investments" foray into Africa, the Vice-President
said: "I do not think we should look at Africa in terms of
Chinese engagement. Look at it in terms of our standpoint."
"Indian style is not to be aggressive... The elephant
walks at its own pace but the elephant is not to be
underestimated," he said.
The Vice President also discussed the issue of reforms
in the United Nations Security Council with his Zambian
counterpart in which Lusaka reiterated its support to India's
bid for permanent membership in the UNSC after its expansion.
"It was realised that there is a need for reforming
the international institution so that it is in tune with
international realities," Katju told reporters. (More) PTI