HARARE, November 29 (The Source) – Zimbabwe’s infrastructure bank on Wednesday listed two bond facilities worth $65 million on the Finsec alternative trading platform, as it seeks to raise funds to finance its energy projects.
HARARE, November 3 (The Source) – Zimbabwe requires at least $10 billion to fund various power projects which would see the country generate an additional 4,192 megawatts and plug a crippling power deficit.
HARARE, November 1 (The Source) – The Zimbabwe Power Company (ZPC) sent out a total of 2029.88GWh of electricity against a target of 2124.59GWh in the third quarter of 2017, missing the production target for the quarter by 4.46 percent leading to resumption of load… Read More
HARARE, October 11 (The Source) – The Zimbabwe Energy Regulatory Authority (ZERA) says two international firms have submitted bids to provide fuel marking services as it battles to meet a 2018 first quarter deadline. The two firms are Swiss-based manufacturer of security inks, SICPA SA… Read More
HARARE, September 28 (The Source) – Zimbabwe has missed a June deadline to switch from high sulphur diesel to cleaner fuel and will now give fuel dealers a grace period to March 2018 to clear old stocks, Energy minister Samuel Undenge has said.
HWANGE, September 27 (The Source) – Zambezi Gas has secured a full mining licence for 25 years and plans to increase coal production from the current 60,000 tonnes per month to 150,000 tonnes. The miner, which is based in Hwange ventured into the $12 million… Read More
By Adel Moyo, HARARE, September 19 (The Source) – Zimbabwe has effectively shelved plans to extend its Feruka pipeline to Francistown, Botswana citing viability concerns over the project, an official has said.
VICTORIA FALLS, September 13 (The Source) – Makomo Resources says production at its Hwange mine has recovered to a static 150,000 tonnes per month from June to August, following a slow start to the year. The coal miner produced an average of 80,000 tonnes in… Read More
CHIPINGE, August 24 (The Source) – Financial services group, Old Mutual Zimbabwe on Thursday commissioned a $5,7 million mini hydro power plant in Chipinge district, southeast of Zimbabwe. The 1,6MW plant has capacity to meet a third of Chipinge’s 5MW power demand. Commissioning the plant… Read More
HARARE, August 11 (The Source) – The Zimbabwe Power Company (ZPC) missed its production target in the first quarter by 5 percent, sending out a total of 1789.80 gigawatts hour (GWh) of energy against a target of 1902.76GWh.
HARARE, August 9 (The Source) – Zimbabwe should accelerate its plans to introduce fuel marking as the programme could save the country at least $240 million annually in revenue lost to smuggling and eventually lower fuel prices, an industry expert has said.
By Plaxedes Sibanda, HARARE, July 31 (The Source) – Zimbabwe’s energy regulator will go ahead with plans to introduce mandatory fuel marking which it says will curb rampant fuel smuggling which is prejudicing the country of an estimated $1 billion annually in unpaid taxes. The… Read More
HARARE, July 6 (The Source) – Zimbabwe’s consumption of Liquefied Petroleum Gas (LPG) is expected to rise by 20 percent on an annualized basis as the country turns to the fuel to avoid huge electricity bills, the energy regulator has said.
VICTORIA FALLS, June 29 (The Source) -Zimbabwe’s power utility says the country’s farmers are reluctant to pay for electricity and have accrued $180 million in unpaid bills since 2013. Zimbabwe Electricity Supply Authority (ZESA) which has been struggling to recover over $1 billion in unpaid… Read More
HARARE, June 15 (The Source) – Zimbabwe has the capacity to produce 1,600 megawatts (MW) of electricity from renewable energy resources by 2030, more than its current demand but lacks technology to exploit its resources, the energy minister, Samuel Undenge said on Thursday. “Our country,… Read More