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ZIMBABWE – LACK OF FUNDING STALLS POWER GENERATION PROJECTS
Over 30 Power generation projects stalled for the past 10 years because of lack of funding. Power shortages in Zimbabwe had led the Government to open the power sector to private investors so as to complement the country’s integrated power generation and distribution company, ZESA holdings. Over 30 Independent Power Producers (IPPS) were given power generation licenses with a combined capacity to generate 5039 MW. According to Gloria Magombo, Zimbabwe’s Energy Regulatory Authority (ZERA) Chief Executive Officer,…
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