Home » General » ZIMBABWE’S PRIVATE SECTOR URGED TO IONVEST IN ENERGY PROJECTS

HARARE, Zimbabwe's private sector should invest in energy generation as the country grapples with meeting the high demand for electricity, says Energy and Power Development Minister Dr Samuel Undenge.

Zimbabwe is struggling to meet demand for energy for both domestic and industrial use, with around 60 per cent of the population not connected to the national electricity grid and the government is exploring alternative means of generating power, including harnessing renewable energy, he said at the Renewable Energy Policy Validation Workshop here recently.

Calling for support of the private sector to improve energy supply in Zimbabwe, he added: This national challenge is another demonstration of where the government and the private sector can meaningfully collaborate and develop the country.

Private sector participation in energy is undoubtedly a welcome development. Your participation is encouraged. Government alone cannot shoulder the immense investment requirements necessary to ensure that the security of energy supply is guaranteed.

"This realization necessitates that we create frameworks that attract new investors to the sector, which will signal to the outside world that Zimbabwe is open for business and welcomes investment in renewable energy projects."

Dr Undenge said sufficient energy generation would assist in growing the economy, while also eradicating poverty. Energy is vital in ensuring viable and sustainable development and it remains a critical factor in industrial and agricultural production and in the economy as a whole."

Source: NAM NEWS NETWORK

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