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
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More