Govt to re­view en­ergy poli­cies for in­vestors

The Herald (Zimbabwe) - - National News - In­no­cent Ruwende Se­nior Re­porter

GOV­ERN­MENT is de­vel­op­ing an In­de­pen­dent Power Pro­duc­ers Frame­work to pro­mote in­vest­ment in the en­ergy sec­tor and is also set to in­tro­duce the con­cept of com­pet­i­tive bid­ding when procur­ing re­new­able en­ergy, par­tic­u­larly so­lar and wind.

Speak­ing at the Zim­babwe In­fras­truc­ture, Power and New En­ergy In­vestors Con­fer­ence in Harare on Wed­nes­day, sec­re­tary for En­ergy and Power De­vel­op­ment, Dr Glo­ria Magombo said her min­istry will con­tinue for­mu­lat­ing and im­ple­ment­ing ef­fec­tive poli­cies and rel­e­vant reg­u­la­tory frame­works which pro­mote in­vest­ment.

“The min­istry is cur­rently re­view­ing its strate­gic plan to align with the new re­forms agenda and is in the process of work­ing out modal­i­ties of im­ple­men­ta­tion of the iden­ti­fied pri­or­ity projects which in­clude, but are not limited to, Ba­toka Hy­dro­elec­tric scheme, so­lar mini hy­dro, ru­ral elec­tri­fi­ca­tion fund so­lar mini grids and trans­mis­sion and dis­tri­bu­tion grid re­ha­bil­i­ta­tion and up­grad­ing projects,” she said.

“The min­istry has de­vel­oped the Re­new­able En­ergy Pol­icy that will be the ba­sis for craft­ing rel­e­vant leg­is­la­tion that will gov­ern the sec­tor. The pol­icy will also in­tro­duce the con­cept of com­pet­i­tive bid­ding when Gov­ern­ment is procur­ing re­new­able en­ergy projects, par­tic­u­larly so­lar and wind.”

Dr Magombo said go­ing for­ward, the min­istry would seek to achieve two per­cent biodiesel blend­ing af­ter the es­tab­lish­ment of a bio-diesel plant which uses ja­t­ropha seeds as feed­stock run by Finealt En­gi­neer­ing in Mu­toko.

She said the In­de­pen­dent Power Pro­duc­ers (IPP) frame­work will as­sist in­de­pen­dent power pro­duc­ers to es­tab­lish their projects with­out much hus­tle, as well as safe­guard their in­ter­ests.

“The min­istry is cur­rently de­vel­op­ing the En­ergy Re­source Plan whose ob­jec­tive is to ex­plore op­ti­mum ways of har­ness­ing avail­able en­ergy re­sources to meet the in­creas­ing en­ergy re­quire­ments of our grow­ing econ­omy over a 25 year pe­riod,” said Dr Magombo.

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