By ZBC Reporter
ZIMBABWE has thrown its weight behind the establishment of the proposed SADC Regional Energy Regulatory Authority (SARERA) whose mandate is to regulate cross-border energy trade and promote investments in the energy sector.
The ongoing Regional Electricity Regulators Association of Southern Africa (RERA) Annual Conference being held in Victoria Falls has seen the delegates stressing the urgent need to accelerate the implementation of strategies to expand the region’s generating capacity and establishment of the proposed SADC Regional Energy Regulatory Authority (SARERA).
Energy and Power Development permanent secretary, Dr Gloria Magombo said Zimbabwe supports the establishment of the proposed SARERA which has an important role to play in creating a sustainable regional energy market and unlocking investments.
“It is important to have a regional body which then looks at all these regional projects which we are looking at. We are not just looking at regional power projects but also regional power transmission projects,” said Dr Magombo.
The Zimbabwean government has also pledged to continuously create a conducive environment and incentives to attract investments in the energy sector.
Meanwhile African Development Bank (ADB) Chief Regulatory Specialist for Southern Africa Ms Rhoda Mshana there is need to improve, enhance, the independence of energy regulators in the region.
In terms of the 2019 assessments Electricity Regulatory Index (ERI) rankings the overall performance was average to good. When you come down to the sub pillars there is still scope for changes or areas to address.
Running under the theme, “Creating a Conducive Environment to Enhance Regional Energy Security, Trade and Investment,” the symposium which runs from the 16th to the 21st of February will see participants deliberating on strategies to achieve energy security in the region.
By ZBC Reporter