While Zimbabwe has licensed over 100 Independent Power Producers (IPPs), able to produce 8000MW in total, IPPs are currently contributing just 4 percent to the grid.
This is because investors fear currency instability and unprofitable tariffs.
At International Monetary Fund/ World Bank meetings in Washington, Zimbabwe sought new energy investments.
Last year, to get projects going, the government granted tariff guarantees (9 US cents/kWh) to some power investors.
The country is facing serious power challenges due to a number of factors including low water levels at Lake Kariba.
This has been further compounded by antiquated electricity generation equipment which are prone to constant breakdowns.
Zwnews
