An important power purchase agreement was recently signed between the (ZETDC)Zimbabwe Electricity Transmission and Distribution business and Skypower, an energy business with its headquarters in the United Arab Emirates.
Known as the Green Giant project, it intends to supply 500 megawatts (MW) of solar power, which might be able to supply Zimbabwe’s 2 million households with electricity.
Senior government representatives attended the signing ceremony, including Edington Tapera Mazambani, chairman of the Zimbabwe Energy Regulatory Authority, Edgar Moyo, minister of energy and power development, Lovemore Mazemo, Zimbabwe’s ambassador to the United Arab Emirates, and Abel Gurupira, acting managing director of ZETDC.
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“During COP27 in Sharm El Sheikh, we first inked a memorandum of understanding with Skypower for the development of 500MW of solar power, which marked the beginning of this revolutionary partnership. In addition to advancing this agreement today, we also reaffirm our joint commitment to a successful and sustainable future “, said Gurupira.
Gurupira underlined that the initiatives included by this agreement would help to lessen the nation’s present power outages. “The market is ready to absorb this power,” he emphasised. By establishing a cost-reflective tariff, ZETDC has guaranteed our financial preparedness and our ability to pay for the generated power. The project’s long-term success depends on this financial preparedness.”
