Zimbabwe power expansion hurt by investor fears

Thursday, June 10, 2010

Zimbabwe is failing to attract funds to build new power stations and upgrade existing ones because of continuing investor fears, despite the end of years of political turmoil after forming a power-sharing government.

Energy and Power Development Minister Elias Mudzuri told reporters on yesterday the country was producing 1,100 megawatts, less than half of the 2,700 MW required.

Mudzuri said the government was inviting independent power producers (IPPs) to invest in the country's electricity sector, but investors had not been forthcoming.

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The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

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