Hwange unit 7 and 8 completion charms locals
THE completion of the US$1,5 billion Hwange Power Station Unit 7 and 8 expansion projects has excited locals in the coal mining town where stakeholders say they are already feeling … Read More
Category: Energy
Invictus injects US$8m into exploration programme
In an update on its financial and operational performance for the quarter ended June 30, 2023, Invictus said it was well-funded for upcoming exploration and appraisal work.INVICTUS Energy, a firm … Read More
Zim in record fuel imports amid power challenges
The country’s import of petroleum products was the largest ever last year, which could justify the proliferation of fuel service stations around the country. According to statistics in the Zimbabwe … Read More
Total takes control of renewables firm for US$1,66bn
TotalEnergies SE agreed to buy the remaining shares in French clean-power developer Total Eren for €1,5 billion (US$1,66 billion) from Eren Groupe SA and a group of financial investors, boosting … Read More
Invictus ups oil, gas exploration acreage
Invictus Energy, the Australian firm exploring for oil and gas in the northern parts of Zimbabwe, says its 2 dimension (2D) seismic data acquisition on two blocks of additional prospective … Read More
Roundtable discussion on energy, currency challenges
In his presentation, Dr Nebson Mupunga, stressed that the fundamentals are indeed strong to support exchange rate and price stability. The fiscal deficits have been recorded mostly below 3 percent, … Read More
Improved power supply bodes well for Econet
ECONET Wireless Zimbabwe (EWZ) has lauded the positive impact of improved power supply on network availability and efficiency following the completion of two additional generators at Hwange Power Station. The … Read More
Zambezi River Authority reduces power generation water allocation
THE Zambezi River Authority (ZRA) has indicated that due to reduced water inflows in Lake Kariba, it slashed water allocation for power generation at Kariba hydropower station from 40 billion … Read More
Increased power generation stabilises mining sector
Mines and Mining Development Parliamentary Portfolio Committee chairperson Mr Edmond Mkaratigwa says the increased power generation has stabilised the mining sector as firms are ramping up production in the process … Read More
Investors stampede for energy sector, ZIDA
Zimbabwe Investment Development Agency (ZIDA) has attributed the influx of potential investor inquiries in the energy sector to the global boom in demand for energy as 68 percent of the … Read More
