Zesa Holdings has signed three major deals that will see the power utility promote renewable energy utilisation and restructure electricity markets in Zimbabwe.
Zesa subsidiary Zimbabwe Electricity Transmission and Distribution Company and Africa GreenCo signed the agreement which enables the latter to access and utilise Zimbabwe’s grid for electricity trading, promoting renewable energy integration and efficient resource utilisation.
Zesa Holdings executive chairperson Sydney Gata said the agreement showed Zimbabwe’s willingness to embrace new business models and innovative approaches.
“Africa GreenCo’s presence here today (yesterday) exemplifies the importance of private sector participation in the development of our energy industry,” he said.
Gata said Africa GreenCo’s risk mitigation strategy unlocked significant investments for Zimbabwe’s renewable energy development while aligning with Zesa’s vision of transitioning to a greener energy landscape without burdening government or the public sector.
“It [partnership] is a testament to the importance of fostering public-private partnerships to achieve our shared goals.”
GreenCo Africa chief executive Anah Hajduka said the agreement would provide new power sources for Zimbabwean businesses.
“This grid access will enable GreenCo to support the development of renewable energy generation in Zimbabwe and to provide new sources of supply to the many burgeoning Zimbabwean businesses that urgently require additional power to implement their ambitious expansion plans,” she said.
Source NewsDay
