Alarm over potential rise in energy costs
Businesses are increasingly getting worried about the potential rise in energy expenses as the country faces crippling power shortages going into the year and some will take drastic measures that … Read More
Category: Energy
Kariba power output restricted to 214MW
THE Zambezi River Authority (ZRA) has set the average electricity generation for Kariba Power Station at 214 megawatts (MW), until the end of the quarter to March 2024, due to … Read More
10 percent decrease in 2023 Q4 electricity imports
A total of 2 222,5 gigawatt hour (GWh) of electricity were generated during the 4th quarter of last year with Hwange Thermal Power and Kariba Power Stations accounting for 65,1 … Read More
Mukuyu gas discovery sparks investor interest
OIL and gas exploration firm Invictus Energy has received strong interest from multiple domestic institutional investors with the intent of investing into the company after the discovery of gas at … Read More
CFI holdings to invest in solar farms
AGRI-industrial firm, CFI Holdings Limited plans to invest in solar farms to sustain its manufacturing activities, as it targets 44 percent of shops to be using the power source by … Read More
Govt commits to embracing clean energies
ENERGY Minister Edgar Moyo says the country is pursuing renewable energy ventures to diversify its energy mix to arrest current power outages. Moyo said this while addressing potential investors at … Read More
Analysis confirms high quality natural at Mukuyu
AUSTRALIAN energy firm Invictus Energy Limited says a fluid sample analysis has confirmed high quality natural gas at the Mukuyu gas field containing minimal impurities which will require minimal processing … Read More
IPPs to pump 271MW into national grid
GOVERNMENT has granted licenses to a number of Independent Power Producers (IPPs) to start generating a combined total of 271MW of renewable energy. Finance, Economic Development and Investment Promotion Minister … Read More
Invictus ordered to explain suspected ‘stock ramp-up’
THE Australian Stock Exchange (ASX) has demanded an explanation from Invictus Energy, which recently discovered large gas deposits in Zimbabwe, amid suspicion the company breached listing rules when it indicated … Read More
Invictus’ gas deposits second biggest in sub-Saharan Africa
INVICTUS Energy, the Australian exploration company that discovered moveable condensate gas deposits in Mashonaland Central Province, northern Zimbabwe, says its Mukuyu gas field has been ranked the second largest of … Read More
