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Zimbabwe Seeks More Chinese Investment In Energy Sector Amid Electricity Crisis

4 months agoThu, 21 Nov 2024 08:10:16 GMT
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Zimbabwe Seeks More Chinese Investment In Energy Sector Amid Electricity Crisis

The Zimbabwean government has urged the Chinese business community to invest in the country’s energy sector, particularly amidst ongoing power supply challenges.

At the Zimbabwe-China Business Forum held in Harare on Wednesday, November 20, Minister of Energy and Power Development Edgar Moyo said that Zimbabwe’s energy sector offers immense potential for further Chinese investments, particularly under the Belt and Road Initiative (BRI).

In a speech delivered on his behalf during the one-day forum, which drew around 100 attendees, Moyo said:

The BRI initiative offers a unique platform for financing and implementing projects that contribute to sustainable development. We view Zimbabwe’s energy sector as a key area of focus under the BRI.

Moyo stressed China’s importance in shaping Zimbabwe’s energy future and praised the Asian country for its unwavering support and collaboration in power and energy development over the past years.

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He said Zimbabwe requires investments particularly in the development of renewable energy, as well as power storage, transmission, and distribution infrastructure. Said Moyo:

Zimbabwe is blessed with abundant sunlight, making solar energy a viable option for scaling up our energy supply.

We invite Chinese companies with expertise in renewable energy to partner with us in developing large-scale solar farms, as well as small-scale projects for local communities and industries…

I invite the Chinese business community to take full advantage of the opportunities in Zimbabwe’s energy sector.

Zimbabwe is currently experiencing a deficit of approximately 800 MW in local generation capacity, primarily due to declining water levels at the Kariba Power Station, the country’s main hydropower facility.

The electricity crisis has been exacerbated by an El Niño-induced drought. As a result of the reduced power generation, the country has faced ongoing nationwide power cuts since August.

More: Pindula News

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32 Comments

👍 · 4 months ago
they loot our resources
wery · 4 months ago
you pay your sons money for electricity generation and then invite your friends to invest in electrical projects. it's called double dipping in public funds. gwanda solar project Mari yacho makatigowana ikatopera here chokwad
Lovemore Nyahangare · 4 months ago
tatadza kuzvimirira here kudana mbavha idzo
Tandi · 4 months ago
Please try ma Germans or Italians when it comes to energy issues or even the British. They will do a splendid job. Zveava ava chimmbomirai
Anonymous · 4 months ago
Why wasnt Moyo at the meeting?????
chabhenda utera · 4 months ago
watchout China will soon own Zimbabwe
Buwada Buwada · 4 months ago
at this rate one can be forgiven for concluding kuti yakatengeswa kare. yangova extension ye zhing zhong republic
🕺🏋️‍♂️🏃‍♂️ · 4 months ago
Zimbabwe seems to be blessed with an abundance of everything mostly fools though
laugh emoji1
🧐 🤔 🤨 🤪 · 4 months ago
Kana vachigadzira zvisina guarantee, ne constant attention to the vanoitira kuti muambe muripama basa, vehuni, gas vanotengesa vemabhawudi, ma valves wo vari pa basa voona kuti Vane constant supply wo basa hariperi
007 · 4 months ago
obsessed with Eastern crooks
hurry ! · 4 months ago
call wicknell for large scale solar farms
Odza · 4 months ago
Gradually Zimbabwe is becoming a chinese empire
1
Anonymous · 4 months ago
What number of Chinese colony of Africa has Zimbabwe become?
laugh emoji1
The Curator · 4 months ago
The United States has more Chinese business interests. Does that make it a Chinese colony?
...,. · 4 months ago
why are we calling on another country to do things for us? can we not do it ourselves? why do we have children going to school and people graduating with degrees in all necessary disciplines to build the country, and we sideline them and bring in foreigners to do it for us? should we feel like bosses in this world by having people from other countries doing what we can do with a little willpower?
Anonymous · 4 months ago
Graduates don't pay them to sell their country.
The Curator · 4 months ago
Pataurwa nyaya ye investments. Meaning monetary input so that vana vemu Zimbabwe vacho vakwanise kuita build more power generation projects. Same way they did with Hwange units 7 and 8. The majority of the staff that were involved in the construction of those units were Zimbabweans, alongside Chinese, German, American and British spe****ts
mg · 4 months ago
zvese zvese zvakungonzi elnino elnino nezvimwe zvadyirwa mari zvikasaitika ngatityei mwari
Ediots · 4 months ago
why chinese? why not just investments? corruption has a lot to do with it. our gvt stinks of it
Anonymous · 4 months ago
They built unit 7 and 8 and they are always down for "maintainence". We want them to build more of the same?
The Curator · 4 months ago
"Always"?
ed · 4 months ago
we do not need Chinese but let's give tender to reputable companies weather from western countries
🌄🧱🍓🎊💞🍒🏆🍑🌽🍕👙 · 4 months ago
hmmm 🤔
🧐 🤔 🤨 🤪 · 4 months ago
Ngakungonzi itwa nuke power ka 1
iii · 4 months ago
ii
iii · 4 months ago
vanhu vane vatanga kuhodha machaina
tavez.com · 4 months ago
mbavha idzo maChaina

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