Africa-Press – Zimbabwe. ZIMBABWE requires several billions to transform the country’s energy sector, with the bulk of the investment expected to be driven by private capital, Energy and Power Development minister July Moyo has indicated.
Moyo emphasised the need for private sector investment as he outlined his ministry’s roadmap to address supply deficits, modernise ageing infrastructure and position the country as a regional energy hub.
The ministry’s key investment needs target generation expansion, transmission infrastructure, grid modernisation, currency risks as well as off-taker creditworthiness.
“The bulk of the required investment will be driven by the private sector,” he indicated during the ongoing four-day Egypt Energy Show (EGYPES 2026).
“Zimbabwe is promoting independent power producers and public-private partnerships.
“What investors need is a predictable regulatory environment, cost-reflective tariffs and regional market access.
“Zimbabwe is open for energy investment and committed to creating a bankable environment.”
Zimbabwe’s installed capacity stands at approximately 2 800 megawatts, dominated by hydropower and coal, with key assets being the Kariba South Hydro Power Station and Hwange Thermal Power Station, including the recently expanded units 7 and 8.
However, persistent challenges such as ageing thermal infrastructure and transmission bottlenecks has seen the power utility generating less than half.
“Demand is growing due to mining expansion in lithium, platinum, gold, and ferrochrome, mineral beneficiation, industrial recovery and urbanisation,” Moyo said.
As Zimbabwe, like other regional countries, battles energy generation challenges, Moyo stressed that regional integration is key.
Zimbabwe is a member of the Southern African Power Pool.
“No African country can efficiently meet future demand in isolation,” he noted, calling for high-capacity transmission corridors and cross-border super grids.
He described Zimbabwe’s strategic position as a transit and trading hub among southern, central and eastern Africa, citing priority projects including Zimbabwe-Zambia interconnections, Mozambique-Zimbabwe strengthening corridors and upgrading the 330kV to future 400kV backbone.
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