First oil, gas well to cost $30 million, Invictus
INVICTUS Energy says it will invest between US$15 million and US$30 million towards drilling at least one oil and gas exploration well, likely before end of year, chairman Joe Mutizwa … Read More
Category: Energy
New power plant to feed 25MW into national grid
A 13-kilometre power line linking Zimbabwe Zhongxin Electrical Energy (Private) Limited’s new plant in Hwange and Zimbabwe Power Company (ZPC) is being installed in readiness to start feeding the initial … Read More
Invictus oil, gas plans receive funding boost
Invictus Energy, which is exploring for oil and gas in Muzarabani, plans to drill test wells in October received a major boost after it secured support from investors to raise … Read More
Zesa breaks law in Sakunda deal
State-owned power utility, Zesa Holdings, has admitted to awarding a two-year long multi-million (US) dollar contract for the supply of electricity to fuel and logistics firm, Sakunda Holdings, in 2016 … Read More
Invictus to raise US$10m for oil
Invictus Energy, which is exploring for oil and gas in Muzarabani, has received firm commitments from investors to raise US$10,48 million (A$8 million), which the firm requires to fund exploration. … Read More
Muzarabani investor halts trading after ASX bull run
SOUTHERN Africa focussed oil and gas exploration outfit Invictus Energy halted trading on the Australia Stock Exchange (ASX) yesterday, a week after the bourse queried a sudden surge in demand … Read More
Invictus to give capital raise update
Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week … Read More
NRZ to bring back electric trains…Solar farms to power trains
THE National Railways of Zimbabwe (NRZ) has set in motion an ambitious programme to introduce a modern electro system with high voltage power for their railway lines as the company … Read More
Power utility rebundling starts
The rebundling of Zesa entities has started following the engagement of a consultant to assess the mechanisms available to restructure the power utility. This was said by Zesa Holdings executive … Read More
Agric colleges challenged to invest in solar
Agricultural institutions have been challenged to invest more in solar power technology as a way of intensifying climate smart agriculture, a farming technique that helps farmers to be more productive … Read More
