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AfricaEconomyZimbabwe

Zimbabwe President assures investors on electricity availability

By Almot Maqolo

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Zimbabwe’s President Emmerson Mnangagwa said the country will have energy surplus by 2025 as they will be about 6500MW added to the national grid by the new power plants being currently constructed in Hwange.

The revelations were made during a recent tour of Saint-Gobain Construction Products Zimbabwe Msasa operations.

President Mnangagwa applauded the firm for its prudence by guaranteeing energy supply to the new (Weber) plant through leveraging on the use of renewable solar energy. He said this stakeholder intervention also goes a long way in promoting the green industry initiative. 

“We have a program under the second republic where we are having four or five companies now in Hwange in the process of construction of plants to generate energy power electricity and by 2024-2025 we should have around 6500 megawatts produced by those companies in Hwange,” he said.

The southern African nation has been facing serious electricity shortages which crippled domestic production. The situation was exacerbated by drought which resulted in low water levels in Kariba Dam, compromising hydro electricity generation in one of the major power stations in the country.

“Our current demand is around 2000MW, so by that time we shall be having 8000MW of electricity and the projection is that by that period our economy would be able to use around 4200MW so we shall have surplus.”

So again I assure you that on the side of energy you shall be safe, he added.
Electricity generation during the first seven months of 2020 declined by 39% to 3 279 GW/h from 5 337 GW/h sent out during the same period last year.

Saint-Gobain sub-Saharan Africa chief executive officer Jean-Claude Lasserre said the firm will continue to invest in Zimbabwe.

“We are present in more than 70 countries industrially and Zimbabwe is one of them and we are very happy to be here and to continue to invest in this country. So we are present in Africa 13 countries with plants and we are very proud to continue to invest in these countries despite obviously some difficult economic crisis and Covid-19 pandemic. 

“But despite that we show resilience and reiterate the idea to work for a long term basis. We are here to stay and continue to invest,” he said.


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