Zimbabwe will have enough power to push forward its rapid
industrialisation from 2023 and is poised to become an exporter of electricity
as new coal and coal gas generation capacity being planned or commissioned by
private and public initiatives in Hwange come on stream.
This emerged when President Mnangagwa concluded his two-day
working visit of coal projects here that saw him touring eight power concerns.
Zimbabwe imports power from South Africa’s Eskom and
Mozambique’s Hydroelectrica de Cahora Bassa after a 30-year hiatus when no new
generation capacity was installed.
Power projects visited by the President on Thursday and
Friday are expected to feed an additional 3 000MW into the national grid upon
envisaged completion by 2023.
The power is not only sufficient for the country’s present
needs, but will also suffice for an industrialised Zimbabwe as envisaged by the
economic growth that is being planned in line with Vision 2030 that is set to
transform Zimbabwe into an upper middle income economy.
The projects themselves, are designed to support the
country’s industrialisation drive by generating the required electricity.
Crucially, the projects will also play a critical role in
Government’s devolution strategy which is aimed at improving standards of
living, creating jobs and generating wealth in the provinces.
Speaking here yesterday, President Mnangagwa noted that
employment creation will be accelerated for the benefit of local communities.
With some of the projects being foreign-owned, the President implored the
companies to prioritise using the local workforce in line with Government
policy.
“You (Finance and Economic Development Minister Mthuli
Ncube) are spending hundreds of millions a month importing power when we have
everything to produce power in this country,” said the President during the
tour of Zambezi Gas and Coal Mine.
“Yesterday, where we visited and the general picture I have
been given now, is that we should be energy sufficient by 2023 because we have
everything. We have the coal, we have the gas in Zimbabwe . . . None of us here
will live beyond the volumes of coal we have,” said the President.
With the projects being dominated by companies of Chinese
origin, the President also highlighted that this was a result of his visit to
China in April 2018, where he got the backing and support of his Chinese
counterpart President Xi Jinping.
Although the President assured all the companies he visited
of Government’s total support, he reserved special mention for the locally
owned duo of Zambezi Gas and Makomo Resources.
He said he was particularly pleased by the progress being
made by the two and noted that they have an added advantage in that their
profits will not be repatriated to foreign countries.
He also challenged the two to draw and follow extensive
expansion road maps.
Mines and Mining Development Minister Winston Chitando who
accompanied the President said the visit had showed that the coal sector is
poised to become the first to attain its target under the US$12 billion mining
industry set for 2023.
President Mnangagwa speaks to Makomo Resources director Mr
Raymond Mutokonyi (right) during a tour of the company
The sector is envisaged to contribute US$1 billion by the
2023 milestone.
“The coal and hydrocarbon sector had been allocated to
achieve US$1 billion, but all indications are that it will not only be the
first to achieve but will exceed the US$1 billion,” said Minister Chitando.
“This visit by His Excellency has now clearly demonstrated
that Zimbabwe is well on course to move from being an importer of power but a
net exporter of power,” he said. Herald
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