African & Caribbean Energy Network
African & Caribbean Energy Network
June 7, 2025 at 11:43 AM
Zimbabwe seeks to unlock $9 billion private investment with reform energy policy Zimbabwe is seeking a total of $9 billion in private capital with new energy policy to help double its current power generation to meet rising electricity demand. The Zimbabwe Energy Regulatory Authority (ZERA) made this disclosure in a statement on Wednesday, adding that only 62% of the country’s 15.1 million population has access to electricity. ZESA further reports that the current generation of its national grid is about 1,500 MW against a demand of about 3,000 MW. To address this, the Zimbabwe government unveiled a $9 billion private capital plan under the World Bank and African Development Bank’s Mission 300 program to double power production by 2030. Zimbabwe Minister of Energy and Power Development, July Moyo, reiterated this plan at a conference in London. . . . #energyinafrica #zimbabwe #billion #privateinvestment #energypolicy #energy #africa
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