Power imports surge 260pc

Power imports surge 260pc July 27, 2017 Business Martin Kadzere Senior Business ReporterZIMBABWE’s electricity imports rose 260 percent last year as the power utility, Zesa Holdings, moved to avert shortages and cuts, which would have crippled business and industrial operations. Zimbabwe’s commercial power users, including miners, manufacturers and farmers consumed nearly 70 percent of electricity sold last …

Power boost for Zimbabwe

Power boost for Zimbabwe July 15, 2017 in News CONSTRUCTION of the multi-million 1 000km-long 400-kilovolt powerline from Mozambique through Zimbabwe to South Africa, a major integral part of the Southern African Power Pool (Sapp), is expected to start anytime soon. BY Own Correspondent In Zimbabwe, the line will link Mutare and Beitbridge via Chiredzi and Mwenezi, …

ZETDC builds 400kV line

ZETDC builds 400kV line July 11, 2017 Business Kiyapili Sibanda, Business ReporterTHE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is set to construct a 400 kilovolt (KV) power transmission line from Triangle to Beitbridge. In a statement the company said the line which would be an estimated 250 kilometres with 60 metres wayleave would run parallel to …

ZESA debt: Government shields defaulting farmers

ZESA debt: Government shields defaulting farmers July 6, 2017By Phillimon Mhlanga, Business Reporter ZETDC managing director, Julian Chinembiri GOVERNMENT has rejected a proposal by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to put farmers on stop order and introduce prepaid meters to recover close to $200 million owed by the agricultural sector, an executive has disclosed.Julian Chinembiri, …

New plan to increase Zimbabwe’s power generation

New plan to increase Zimbabwe’s power generation July 6, 2017By Shame Makoshori, Senior Business Reporter Energy and Power Development, Minister Samuel Undenge * Tax breaks to attract investors * Government targets renewable energy GOVERNMENT has announced a series of tax exemptions, licence fee cuts and a raft of financing measures to drive renewable energy development.This comes …

Green bond offers Zim path to green growth

Green bond offers Zim path to green growth July 3, 2017 Business Clean energy projects have tended to dominate the green bond market Jeffrey Gogo ClimateZimbabwe has stepped into the fast growing market of investors seeking to do the environment good, announcing plans for its first green bond issuance of $200 million. Now that’s according to …

Farmers owe Zesa $180m in unpaid bills

Farmers owe Zesa $180m in unpaid bills June 30, 2017 Business Deputy Minister Paddy Zhanda Africa Moyo and Leonard Ncube in Vic FallsCOMMERCIAL farmers have accumulated up to $180 million in unpaid electricity bills since the 2013 debt reprieve, thereby inducing a strain on the power utility’s operations. Zimbabwe Electricity Transmission and Distribution (ZETDC) managing director, …

Expedite creation of renewable energy fund

EDIORIAL COMMENT: Expedite creation of renewable energy fund June 28, 2017 Opinion & Analysis Conscious of the negative effects of fossil fuels on the climate and public health, the world is generally going green.   Many developed countries are decommissioning thermal energy generating plants that belch dirty fumes into the air.  Those that are not shutting …

ZPC breaches Kariba power deal

ZPC breaches Kariba power deal June 27, 2017 Business, Top Stories Kariba Dam Business Reporter—THE Zimbabwe Power Company has been breaching a contract by not depositing proceeds of the power purchase agreement for the expansion of Kariba South Power Station into an escrow account. According to Accountant and Auditor General Mildred Chiri’s report on parastatals and State enterprises …