Zimbabwe’s Ministry of Energy and Power Development is calling for increased private sector involvement in the country’s energy sector. This collaboration is seen as crucial for improving the current power supply situation and ensuring its long-term sustainability.
Speaking at a Bulawayo forum, Permanent Secretary Dr. Gloria Magombo highlighted the government’s plan to introduce an energy efficiency policy. This aims to encourage responsible energy consumption while additional power generation capacity is developed. “We need everyone to use energy efficiently,” Dr. Magombo emphasized.
She also stressed the importance of private sector investment in the energy sector. “The role of the private sector cannot go unnoticed,” she stated, inviting further investment in power generation projects.
Dr. Magombo pointed to the success of private sector participation in the petroleum sector, where over 90% of activity is driven by private entities. She also noted the significant growth in Liquefied Petroleum Gas (LPG) consumption, driven by rising demand within townships. Citing data from the Zimbabwe Energy Regulatory Authority (ZERA), Dr. Magombo reported a tenfold increase in LPG consumption over the past 15-20 years, rising from 5 million kg in 2010 to 60 million kg in 2022.
The Permanent Secretary reported that national access to modern energy reached 62% based on the 2022 census, with renewable energy contributing to this progress. However, she acknowledged the remaining gap, with approximately 38% of the population lacking access to modern energy sources. The government’s goal is to bridge this gap and achieve universal access.
Dr. Magombo called on entrepreneurs to explore opportunities in the renewable energy sector, leveraging Zimbabwe’s strategic reserves of critical materials used in renewable energy technologies.
The forum, held alongside the 2024 Zimbabwe International Trade Fair, highlighted the importance of developing township and rural economies. Organizers believe this focus can address unemployment, stimulate economic growth, and empower communities, ultimately contributing to national development.
Text: Natasha Munyukwa