Zimbabwe Power Company (ZPC) is a state-owned power generation company in Zimbabwe mandated by government to generate electricity for the domestic market. ZPC was incorporated in 1996 as the Zimbabwe Electricity Supply Authority Holdings (ZESA) investment vehicle in the power sector and it became operational in 1999. In 2002, with the passing of The Electricity Act (Chapter 13:19) the unbundling of ZESA resulted in ZPC being designated as the power generation company. ZPC is authorized to construct, own, operate and maintain power generation stations in Zimbabwe and is a licensee of Zimbabwe Energy Regulatory Authority (ZERA).

Zimbabwe Power Company
Type
Parastatal
Industry Energy
Predecessor Zimbabwe Electricity Supply Authority Holdings (ZESA)
Founded 1996
Founder Government of Zimbabwe
Headquarters Harare, Zimbabwe
Key people
Eng. Noah F. Gwariro - Managing Director,
Products Electic Power
Owner Government of Zimbabwe
Website zpc.co.zw

ZPC sells power to the domestic market through PPA's with the Zimbabwe Electricity Transmission and Distribution Company (ZETDC).

Contents

ZPC Power Stations in Zimbabwe

All five have a total of 1960 MW as installed capacity. However, as of March 2018, ZPC was generating a total of 1,059MW of power.

Each power station holds a generation licence from the Zimbabwe Electricity Regulatory Authority (ZERA).

Projects


Corruption Allegations

The Zimbabwe Power Company was alleged to be involved in the Gwanda Solar Project tender award which paid businessman and socialite, Wicknell Chivayo money amounting to $7 million. Irregularities were discovered after the project had not started despite Chivayo being given money. ZPC managing director was reportedly suspended by the board following questions raised by the legislators.

“The total amount that was released was around $7 million, including Value Added Tax; it was disbursed in tranches,” said ZPC board chairman Stanley Kazhanje.

“The amount was paid by management and the figures were within their threshold as it did not require board approval. As a board, we discovered it from Press reports. There was no need for the issue to come to the board.”

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Some Articles About Zimbabwe Power Company

Wicknell Chivayo Granted 000 Bail Fri Aug 10 2018

Hwange Power Station operating at 33%, three other power stations shut down due to coal shortages Thu Jun 1 2017

ZPC gets 0 million debt package from Standard Bank Tue May 16 2017

See more news on Zimbabwe Power Company

References

  1. ZESA gave Chivayo $7m, not $5m: Parly, Newsday, Published: 23 January 2018 , Retrieved: 13 March 2018