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5MW Great Zimbabwe Hydropower Project Officially Commissioned

4 months agoThu, 21 Nov 2024 13:28:55 GMT
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5MW Great Zimbabwe Hydropower Project Officially Commissioned

The 5MW Great Zimbabwe Hydropower Project has been officially commissioned. Located at the Mutirikwi Dam wall, the mini-hydro project was financed through a combination of local pension funds and foreign capital.

Samuel Matsekete, CEO of Old Mutual Zimbabwe, which invested in the project via Old Mutual Life Assurance said the successful completion of the Great Zimbabwe Hydro Power Plant is a testament to the power of public-private partnerships in driving economic development.

Earlier this year, Old Mutual launched a US$100 million private equity fund targeting renewable energy investments.

As reported by newZWire, other investors are the Public Service Pension Fund, ZB Financial Holdings, Frontier Energy, MOL Power and the Danish Investment Fund.

Local contractors on the project included JR Goddard and Masimba Holdings.

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In March 2024, the government granted tariff guarantees to ten independent power producers, with a combined potential of 271MW, hoping to speed up the implementation of green energy projects.

The producers – which included Great Zimbabwe Hydro – were given a tariff of US 9 cents a kilowatt hour.

Memory Mashingaidze, co-founder and Executive Director of Great Zimbabwe Hydro Power and MOL Power said:

I am delighted to see the Great Zimbabwe Hydro Power Project commissioned and begin contributing to Zimbabwe’s electricity generation.

We take this moment to recognise and celebrate a remarkable achievement and look forward with optimism as we hand the baton from the construction to the operations team.

It is the debut project in Zimbabwe for Frontier Energy, which is partly backed by British International Investment, the UK’s development finance arm. Kim Gredsted, one of the founding partners of Frontier Energy, said:

The Great Zimbabwe Hydro Power Project is Frontier Energy’s first project in Zimbabwe. We hope and expect to participate in the creation of many more renewable energy projects in this beautiful country and in this way participate in the expansion of Zimbabwe’s power generation capacity.

On Sunday, ZESA announced it would cut off power to parts of Masvingo Province to allow the commissioning of the plant.

The plant features two 2.7 MW Francis turbines, providing a total power output of 5.4 MW.

More: Pindula News

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37 Comments

Anonymous · 4 months ago
Congratulations to Old Mutual. It must now move on and take over the Batoka Power Project. Current Zesa Chairman says there is no market for Power when we have no power in Zim. We are the market. The new Mines are the market. Kariba is Dysfunctional. There is need for fresh blood at Zesa.
1
Madd max · 4 months ago
Hopefully this will be channelled to Masvingo province
Anonymous · 4 months ago
Pa 44 years dzapera ndiani akambofungangao kuti tinogona gugadzira magetsi pa mutirikwi, bvuma kuti pane vane muono kukudarika
1
Giant · 4 months ago
It's not about competition. What is good doesn't need explanation or questions but remarks will tell a lot
Musarurwa · 4 months ago
Any project completed and commissioned is a positive development.Salute
coni · 4 months ago
5mw is little as nothing 🚮
1
Anonymous · 4 months ago
Kkkk on 22/11/24 After tanana 5mw dzacho zesa yakauya around 10.35 ndokuenda 02:05 midnight hopefully we see change panyaye lord sheding
Rambo · 4 months ago
as a country we need over 2000 MW...so if u do the maths do you think 5 Mw changes anything
Anonymous · 4 months ago
Its a small positive step. If we can have 100 of these projects then you will be generating 500MW. Old Mutual has demonstrated that it can be done.
1
· 4 months ago
Magetsi ayo ngaashande kumasvingo ikoko hatidi kuhwa kuchinzi magetsi ayenda
Mp · 4 months ago
I picture ya katorwa ku Iran
QUEST · 4 months ago
zviri nane but mm mashoma ayo, its a drop in the ocean.We need 100 MW or more thats better.
Corruptmore Looto · 4 months ago
I guess this was what Gata was trying to say with the tariffs but he should have been clear that the impact will start to be felt maybe after April 2025 to 2026, not now. Competitive tariffs attract private players who want profit, I think it's actually better to pay extra and get a dependable constant supply of electricity than paying below market rates then having to spend the whole day with nothing. I encourage more of these public - private partnership like the Vic falls highway project just as long as the private partners aren't Zanu linked firms.
1
Xxx · 4 months ago
That's good, private sector should be given more room to play.
Mp · 4 months ago
idzi ndo nhema manje hakuna zvakadaro
The Curator · 4 months ago
Nhemha dzeyi?
SADC CHAIRMAN · 4 months ago
Why give good food to the pigs
Ediots · 4 months ago
Mini power plants are ideal for provision of localised energy. I see that in Honde, magetsi asaenda back then because they are produced locally. I haven't revisited to assess the current situation. Some people will rush to praise the wrong people but understand that isnt the case. Maproject aED munomaZiva wani ana Chivharo, ana Gata. they are designed to siphon money from gvt to provate pockets.
Corruptmore Looto · 4 months ago
We all know that certain people used to do things professionally, the Honde Valley is also made up of those certain people hence the efficiency. If we can just extend that to the rest of the country we will be okay but the powers that be don't want those people to participate in anything within the country they would rather invite their dodgy rapacious Chinese buddies.
dinosaur · 4 months ago
handizivi kuti toombera maoko here or tongotarisa
@Man to Man · 4 months ago
Ndaikuudzai ini Nxaa ED Huchi mhan
Dambudzo · 4 months ago
Baba vakatengera mwana wavo yogurt tova ati vakanyanya here or its his responsibility
Buwada Buwada · 4 months ago
taura zvako iwe @Dambudzo.
Son of thunder ⛈️⚡ · 4 months ago
Another day another development
citizen · 4 months ago
No need to connect to the National Grid.Lets Masvingo be powered by Mutirikwi so as to lessen the burden shouldered on Kariba.
Ma1 · 4 months ago
just 5
Xxx · 4 months ago
Yes 5, pilot project Mari haingo dirwi unonyura.
Black Mambazo · 4 months ago
uchanzwa zvakunzi mu lack mutirikwi hamuchina mvura
Liverpool · 4 months ago
5MW hapana zviripo musatarisira henyu change sterek
Buwada Buwada · 4 months ago
svitoko toko asi svikanangana ne Masvingo yoga vana wezhaz vanomboti femeyi
chirume chirume · 4 months ago
motinyarawo nekusadzima dzima magetsi tawedzerwa, ngazvitaridzewo change tione

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