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).
|Predecessor||Zimbabwe Electricity Supply Authority Holdings (ZESA)|
|Founder||Government of Zimbabwe|
|Eng. Noah F. Gwariro - Managing Director,|
|Owner||Government of Zimbabwe|
ZPC sells power to the domestic market through PPA's with the Zimbabwe Electricity Transmission and Distribution Company (ZETDC).
ZPC Power Stations in Zimbabwe
- ZPC currently operates four coal-fired thermal power stations:
- ZPC operates one hydropower station,
- Kariba South Power Station - generating 725MW as at March 2018
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).
- Kariba South Extension (Along Zambezi River)
- Hwange Power Station Expansion (Hwange)
- Lupane Coalbed Methane (Lupane, in western Zimbabwe)
- Gairezi Hydro-Electric Scheme
- ZPC Solar (Gwanda, Insukamini, Munyati)
- Batoka Gorge Hydro-Electric Scheme (Along Zambezi River, downstream of the Victoria Falls)
- Hwange Power Station Plant Improvement and Life Extension (Hwange)
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.”
Today's Top Pindula News2018-12-13T07:28:34Z
- ZESA gave Chivayo $7m, not $5m: Parly, Newsday, Published: 23 January 2018 , Retrieved: 13 March 2018