Advertisements
Home » FX shortages hamper IPPs

FX shortages hamper IPPs

0 comments

FOREIGN currency shortages and lack of capacity have held back independent power producers (IPPs), denying Zimbabwe an additional 7 000 megawatts (MW) at a time the country is relying on imports from South Africa and Mozambique, Parliament heard last week.
Presenting a report on the state of IPPs in Zimbabwe, chairperson of the Portfolio Committee on Energy and Power Development, Gabbuza Joel Gabuza, said the shortage of electricity was negatively impacting on key economic sectors such as agriculture, mining, industry and commerce.

Advertisements

“According to the submission by the Zimbabwe Energy Regulatory Authority (Zera), licences for independent power production capable of generating about 6 858,65MW have been issued. However, only 135,8MW is being fed into the main grid by the IPPs that are operating. IPPs, which have a potential to generate about 6 522,35MW are not performing and some of them have been holding on to their licences for as long as 11 years,” Gabuza said.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More