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Energy Minister Launches Renewable Energy Fund

Energy Minister Launches Renewable Energy Fund

Minister of Energy and Power Development Zhemu Soda (MP) launched the Renewable Energy Fund this Monday.

The Fund is expected to unlock over USD 30 Million from the Zimbabwean financial markets, and regional and international development focus entities, the bulk of which would otherwise not typically be directed towards RE fina

This year, the United Nations SDG-Fund approved Zimbabwe’s USD 45 Million programme on catalysing investments in Renewable Energy (RE) for the acceleration of the attainment of the Sustainable Development Goals (SDGs) in the country.

The UN SDG-Fund is contributing USD 10 Million to the programme whilst the Government of Zimbabwe through the Infrastructure Development Bank of Zimbabwe (IDBZ) and local partners including Old Mutual Investment Group (OMIG), Zimnat Asset Management and CABS is contributing a total of USD 35 Million.

The 4-year programme aims to leverage private investments in order to support Renewable Energy-based projects for the achievement of the SDGs in Zimbabwe. 

During the launch, Soda was asked to state the major sources of power in Zimbabwe to which he responded by saying Kariba and Hwange.

He said Hwange’s capacity is 920 Megawatts but is generating an average of 400 MW because it’s now 40 years without major rehabilitation.

The minister added that the government has taken a decision to rehabilitate the Hwange power station with around US$310m and various services have started at Hwange for rehabilitation on all the 6 power generation units that are currently making up for the Hwange Station. He added:

The idea was to take out 2 units at a time when unit 7 starts feeding into the grid. This will kickstart after the coming in of units 7 and 8, where units 1 to 6 are rehabilitated.

He said the rehabilitation of Kariba Dam which started in 2017 is still on course and is expected to end in 2025. He said:

It’s on 61% completion. The Spillway rehabilitation is at 50%. It started in 2019. This rehabilitation has nothing to do with the current shortage of power.

The minister also said Zimbabwe has a capacity of generating 1500 megawatts at Kariba but all depends on the availability of water. Soda added:

Because of Hwange power station breakdowns, we had to depend and rely on Kariba more than what Zambia did particularly in Winter.

We are aware we have over-used our water, we are now using water for Zambia to generate electricity after negotiations at a higher level to allow Zimbabwe to continue generating between 250 and 300 megawatts. There is absolutely nothing bad about Zimbabwe or Zambia.

Munyati has a capacity of 90MW, Byo 100 MW and Harare around 200MW. But they have been producing less. We are on Bulawayo station to produce around 90 to 100MW and funding has been secured for that.

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1 month ago

nyambooo tanzwaaaa nadzooo , , chokwadi chiripachena Zesa hakunaa

👽 1 month ago

why wasn't this thought of way back, you wait for a problem to arise kuti uyite action shúre yako soda.

Doug 1 month ago

What did Macheso sing about not waiting until zvapera?

Sir Zimbabwe 1 month ago

Njuga dzaremaka kkkk soda waita chana chidokosa. 😹😹😹

You can rig the election but you can't rig the economy ~Dr Richard Morgan Tsvangirai ( 2013 ) RIP SAVE🐟

mukmeric 1 month ago

economy inombozvida here zvevanhu vanorigger

1 month ago

So in the short term the situation will remain as it is.

1 month ago

I am wondering why the former energy ministers (Mr Chasi) model cannot be implemented. The idea that everyone should pay for power consumed was the best since sliced bread. It worked before free-riders sacked him.

1 month ago

Zanu pf 1 month ago

zanu pf doesn't like progressive people

Freddy 1 month ago

Chasi s idea is based on the market economy concept. The Marxists in ZANU PF were not going to agree with tht idea. In a market economy you pay for goods and services. It does nt matter if you are a general in the army or you fought in world War. The old men in ZANU PF want freebies. they dnt consider tht it costs money to make goods. It may take time until they realise tht the Guerrila economy concept does not exist its just a pipe dream

cde chipopi 1 month ago

kkkkk ok u can't rig the economy nhai. Haaa Dr Morgan Tsvangirai vaiporofita zve sure. Ma Chinese shamwari dzedu ngadzipindire ka apa.

Sir Zimbabwe 1 month ago

@cde chipopi, chinese people are there to make profit & benefit at the same time. Vakatovaka parliament vakatota sspying our nation zvikatokwana


bicarbonate of soda 1 month ago

soda ndeyekuisa mumuboora finish n kla

Bright 1 month ago

Haa magetsi kana kusina haktorina mirirai mvura izare mu kariba chete not ma this and that awo a

Mafirakureva 1 month ago

@Bright even Kariba ikaita 110% full no power generation of significance will take place for 2reasons.

1. Already Unit 4 of Kariba Hydro is damaged beyond repair.
2. Of all the remaining generating units at Kariba NO MEANINGFUL MAINTENANCE HAS TAKEN PLACE OVER THE PAST 40 YEARS.

As my Mathematics teacher used to say, Q.E.D. Hakuna kwatiri kuenda ne ZANU

pk 1 month ago

deal rekuPomona ngariitwe please

Zuze 1 month ago

Pomona looting deal rakadhakwa iro. You sincerely believe kuti pane vhinobuda here ipapo? Delish Nguwaya, July Pomona Moyo, the Terrible Twins and Numero Uno (☝️) ndivo vega vari kudya US$22,000 pazuva from Pomona

who are you fooling with the renewable energy 1 month ago

rhetoric mapererwa mapererwa chete hakuna anovhotera zvinhu zvakadaro tikunzwei muchiti mahwina next year

Osama Obama 1 month ago

Huyai Ku zaka ndikutengeserei huni kwete kungowawata nezve magetsi. Toda fresh news. Iyavozve


This Soda guy has no idea on the issue at hand l knew he was a problem because on the first week of him getting in office we started having load shedding which we didn't have .How do we convince Mr Mnangagwa to reinstate Fortune Chasi the guys was effective.

Sir Zimbabwe 1 month ago

Even mnangagwa himself, he must stepdown and go the prison nxaaaaah

Mafirakureva 1 month ago

@Sir Zimbabwe, it's because jeri rakamutarisa ndosaka ED Shweeee asiri kuda kubva pachigaro. Anoziva kuti once he loses an election it is Chikurubi time. And he knows kuti ngaaende ega. Magandanga ese akatora masimba nechisimba kubva kuna Bhobho varimo muteam iroro.

Ndipo pane nyaya yese ipapo

😴 😴 😴 1 month ago

Mamwe ma comments anokotsirisa aya.Nyorai kana mava ne content please.Its not by force kuti every Pindula article must have comments.

Ashie we AFM 1 month ago

nhai vanhu kwasara nyika dzipi ku world cup ...frane ne Morocco zvoramba riinhi

Kkkkkkk 1 month ago

Type slowly, the keyboard is yoz my guy

🥰🥰 1 month ago

.soda apererwa

Sir Zimbabwe 1 month ago

I encourage you my fellow nationalism 🇿🇼, to vote for real change in Zimbabwe. Don't be fooled by those say we are second republic wat wat wat watwat nonsense nothing call second republic these are same old horse we're tired of them.

xxx 1 month ago

chamunogona kuriga maelection Zanu PF zvimwe zvose hapana

King 1 month ago

surely in this crisis we want short term solutions coz we are in darkness. long term solutions are welcome after we've switched the lights on.

Hussein 1 month ago

Even millions are raised, the issue is of accountability especially with our porous national pockets

bicarbonate soda 1 month ago

bicarbonate soda hapana chozikanwa..kungohla mari inenge ya juswa nevanhu...

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