Power cuts costing Zim US$1,2bn: WB
THE World Bank has urged the government to address the country’s energy deficit after estimating that power cuts are costing the economy at least US$1,27 billion annually. In its fourth … Read More
Category: Energy
ZERA processing over 100 applications for net metering programme
The Zimbabwe Electricity Distribution Company (ZETDC) has so far connected 163 points with a cumulative capacity of 10.458 megawatts to the net metering programme as at the end of October … Read More
Powerspeed volumes growth pushes topline in FY23
Powerspeed Electrical’s revenue bulked 125,72 percent to $389,51 billion in the year ending September 30, 2023 from $172,56 billion in the comparative period on the back of volume growth. Like … Read More
Stanbic crowned 2023 Zimbabwe bank of the year
One of the country’s largest financial services provider, Stanbic Bank, has been selected 2023 Bank of the Year in Zimbabwe by world-renowned London-based magazine, The Banker. This cements the bank’s … Read More
Should African countries defend oil/gas?
African countries have fiercely defended the role oil and gas play across the continent albeit commitment by developed nations to phasing out fossil fuels, advocating for an anti-fossil fuel energy … Read More
Puma Energy reaffirms commitment to Zim
As part of Puma Energy’s global sustainability strategy to reduce greenhouse gas emissions, the company is working towards a 15% reduction by the end of 2025 and 30% reduction by … Read More
Race for Zimbabwe — EV battery hub of the future
AMID the escalating global endeavours to confront the climate crisis, Zimbabwe, a landlocked southern African nation, is strategically positioning itself as a pivotal player in the global energy transition, fuelled … Read More
Invictus market cap up US$38m on gas discovery
AUSTRALIAN energy firm, Invictus Energy Limited’s, market capitalisation added US$38,08 million after declaring a gas discovery at its second drill site in the Cabora Bassa project, 300km northeast of Zimbabwe. … Read More
Petrotrade genesis merger conclusion by june
The Government expects to conclude the merger between Petrotrade and Genesis Energy in the first half of 2024, as part of efforts to restructure state owned enterprises and avoid duplication … Read More
46 IPPS now feeding into national grid
A TOTAL of 46 active Independent Power Projects (IPPs) with a capacity to generate over 200MW, are feeding 54,58MW into the national grid and the Government is rolling out a … Read More
