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Centragrid Boss, Victor Utedzi, Unveils New Energy Projects With Total Capacity Of 251MW

4 months agoFri, 22 Nov 2024 09:35:44 GMT
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Centragrid Boss, Victor Utedzi, Unveils New Energy Projects With Total Capacity Of 251MW

Victor Utedzi, founder of Centragrid, is leading Zimbabwe’s transition to renewable energy with large-scale projects, including solar and hydroelectric plants, aimed at powering industries and decarbonizing the economy.

After expanding the Nyabira solar plant to 25MW, Utedzi has unveiled several projects to meet the energy needs of Zimbabwe’s key industries.

These include a 15MW hydro plant at Tugwi-Mukosi Dam to feed ZEA, two solar plants for PPC, with capacities of 12MW in Bulawayo and 24MW at Colleen Bawn, and a 100MW solar plant for Afrochine ferrochrome and another 100MW plant for Dinson Steel, both backed by 25-year power purchase agreements (PPAs).

These projects aim to support energy-intensive industries while contributing to global decarbonization efforts. Said Utedzi:

It took us exactly 10 years, from July 2009 to August 01, 2019, to deliver our first PVC solar plant in Zimbabwe. It was one of the first 2.5MW solar power plants, just 30km from the centre of Harare.

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In September this year, we successfully completed the extension of that power plant. It is now 25MW and our customer there is the national utility, Zimbabwe Electricity Transmission and Distribution Company.

We also have reached this first draw down on a 15MW hydro which is sitting in Masvingo, the southern part of the country. We have started construction there. Again, our customer is the national utility.

Utedzi said development finance institutions (DFIs) play a crucial role in providing long-term financing, with rates falling below 10% per annum, making Zimbabwe increasingly attractive for renewable energy investments.

Since delivering its first 2.5MW solar plant in 2019, Centragrid has grown to become a leader in Zimbabwe’s renewable energy sector.

More: Pindula News

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9 Comments

CME · 4 months ago
Negativity won't take us anywhere. We should learn to appreciate good deeds that others are doing to improve ourselves economically. Thumps up to Centragrid for such a noble idea. We need more homegrown solutions to improve ourselves economically.
Botha · 4 months ago
mukaudzwa zvebudiriro hamuchadi kuzvinzwa kkkk mashaya wokuukazve. Magona vari kuita zvemagetsi e solar iro richipisa kuda ikariba yomene
Sir African · 4 months ago
They want us to that something positive is being done to aliviate our suffering .Its party of government propaganda
Black Mambazo · 4 months ago
Congratulations @Utenzi
dinosaur · 4 months ago
ko nhasi mapikira kungotipa news dzemagetsi kani? hakunawo zvimwe here🚮 kungoshaiwa hedu data but this App is ****
Gvt Ofishau · 4 months ago
ehe handina basa,pindula is a news app..but from morning zvemagetsi as if it changes the current situation we are in now..
Bambo · 4 months ago
Tired Zimbo asi one news dziri kupisa here nhai dzaunoziva ziva kuti uripa free platform.
' · 4 months ago
mviro-mviro dzekushaya mabasa neData. angoramba oda news itsva sezvinonzi he's owed anything

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