THE Infrastructure Development Bank of Zimbabwe (IDBZ)’s renewable energy projects, which have a total capacity of 67 megawatts (MW), are progressing and well on course, the bank has said.
IDBZ is independently executing three projects — Gutu Solar (20 MW), Plumtree-based Tjibundule Energy (15 MW) and Gwayi Solar project (30 MW) — valued at US$93 million.
“…all the renewable energy projects which the bank is involved in are all at different stages of development. We are working with a number of independent power producers (IPPs) in the renewable energy space to ensure that citizens have access to clean, modern and affordable energy by 2030,” IDBZ said in a recent note.
The bank is also funding another three projects, which will be pursued by IPPs — Rufaro Farm Solar project (50 MW), Osborne Dam Mini Hydro project (1,7 MW) and Odzani Mini Hydro project (2,4 MW) — at a combined cost of US$86 m
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