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Thursday, May 23, 2024

Govt targets increased electricity generation

Story by Theeophilus Chuma

THE Government is targeting to increase electricity generation to above 70 percent through harnessing renewable energy investments.

Pivoting towards green energy, government is seeking to unlock investments in green energy to reduce the current gaps on electricity access with figures showing that almost half of the country’s population is outside the electricity grid.

Through the National Renewable Policy, government is courting massive investments in green energy which has already attracted huge buy-in from the private sector and developmental partners.

At a Renewable Energy Investment Forum convened in Harare this Thursday, Energy and Power Development Minister Honourable Zhemu Soda outlined some of the strategic initiatives within the sector.

Hon Soda said, ‘‘We are working with the UNDP and other partners to achieve our SDGs. We are targeting to generate four thousand megawatts from by 2030 of which renewable energy is part of that matrix.’’

In Zimbabwe, the crucial role being played by energy especially mini grid systems will see rapid deployment of clean renewable energy.

Early this year, developmental partners unveiled a US$45 million war chest to support renewable energy and resilience programmes in Zimbabwe, with a further commitment to support green energy projects.

Investments in green energy projects will be further amplified at a Renewable Energy Sumit scheduled for the resort town of Victoria Falls this month.

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