Grey Freight Continental

Grey Freight Continental

Freight and custom clearance services locally, regionally and internationally. We offer freight services at strategic Southern African ports and borders.

Open
HomeGeneral

Electricity Tariff Hike Sparked Growth In Energy Investments, Says ZESA Boss

2 months agoWed, 20 Nov 2024 13:26:07 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Electricity Tariff Hike Sparked Growth In Energy Investments, Says ZESA Boss

ZESA Holdings Executive Chairman Sydney Gata said that the decision to adopt electricity tariffs reflecting costs has led to increased investments in the energy sector, which could help address the power crisis Zimbabwe is currently experiencing.

While speaking to delegates at the inaugural Zimbabwe-Zambia (Zim-Zam) Energy Projects Summit on Tuesday in Victoria Falls, Gata said that since the change in December, there has been increased investment in the sector. Said Gata:

Immediately after the tariffs were corrected, we called in industry, mining in particular and told them that now they can also invest in electricity infrastructure.

Gata said miners were advised to stop relying on the government to underwrite the energy risks associated with their operations, and their response has been positive. He added:

As we are talking right now our sector demands approximately 700 megawatts and from the projections from the survey that we did we anticipate that in the next three to five years we will be requiring about 2,000 megawatts, which is above what the country is currently generating.

Latest Samsung A06 128GB, 4GB now available: $105

To order, WhatsApp:  wa.me/263715068543

Several projects are set to come online next year to address Zimbabwe’s energy shortages, including the refurbishment of coal-fired plants by Jindal Steel and Power, and the development of solar power facilities by Tsingshan Holding Group Co’s Afrochine Smelting and PPC.

These initiatives aim to alleviate the persistent power outages exacerbated by a severe drought, which has drastically reduced hydroelectric generation at the Kariba Dam, the country’s primary energy source.

Currently, the Kariba power station is operating at just 10% of its installed capacity of 1,050 megawatts. As of November 19, total power generation in the country stood at 1,273.5 megawatts, which is just over half of the total demand.

The power shortfall is also being fueled by high demand from the mining sector. Isaac Kwesu, Chief Executive Officer of the Zimbabwe Chamber of Mines, said that the mining industry is experiencing an average annual growth of 9%, driven by key sectors like lithium, coal, iron, and steel.

More: Pindula News

Tags

16 Comments

Buwada Buwada · 2 months ago
😱😱 Zvofamba sei kuti uti unokwidza tarrif yechunhu chisiko zvobva zvawedzera investment mu chunhu chisiko? with this level of madness, shuwa magetsi are going to be extinct very very soon
Antman · 2 months ago
Kujekesa nyika nemaGetsi
tech-guru · 2 months ago
they increased tarrifs so that they have more money to steal not kuita ma projects hakuna project inoitwa apa kkkkkk
MUKANYAPAZVESE · 2 months ago
Magetsi arikuenda na 3 am odzoka na 12 midnight and somebody waffles like that something is wrong somewhere
Ediots · 2 months ago
Gata is ED's minion. i think u know why such corruption riddled man is ED's choice. imbavha padhabuka hapana chozikanwa
Anonymous · 2 months ago
Nhai vakuru veZesa. Kana magetsi achiuya ari 195 volts ukabatifza fridge ma lights oita dim. Ukabatidza stove anodonha kusvika 179volts zvinorevei izvozvo. Tibatsireiwo tisati tapisa dzimba
' · 2 months ago
hu**** hunokunyanyira, is Pindula Zesa?
Anonymous · 2 months ago
Do these guys ever smell what they they say?
laugh emoji1
CHAHOTOTO · 2 months ago
Mmm Zesa parastatal yakabva kuwana award mazuva apera ayo, vakuru vari mumaoffices umu are now clueless, that Kariba and Hwange things are now outdated.We need think tanks in those offices not to rely on projects done by Smith.
🧐 🤔 🤨 🤪 · 2 months ago
Ko zvikonzero zvekuti Batoka hydro save ne footing chinyi haana ku zvipere ga zvakadzama
Anonymous · 2 months ago
Batoka kkkkk. Kana mavaka Batoka mvura inozozadza Kariba ichabvepi nhaivanhu. Just observing zvangu
disgruntled citizen · 2 months ago
this country is ****ed
1
Tsoko · 2 months ago
ipa ma China mukana mufana wakundikana
girigori · 2 months ago
this Gata person i.M.H.A.T.A he only knows numbers and papers ..huya paground uonee ...anoramba achitaura zve hwange ..karibaa ..upgrade those systems zvachembera izvooo
cde che guveira · 2 months ago
gata should be fired. thw the guy is clueless
1

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback