New initiative to attract IPPs

Finance Minister Mthuli Ncube

ZIMBABWE’s finance minister, Mthuli Ncube, says the government will introduce a competitive procurement framework for Independent Power Producers (IPPs) to attract private investment and ease persistent power shortages.The southern African nation faces continuous electricity shortages due to low output at the Kariba hydropower station and frequent breakdowns at its ageing thermal plants.While expensive imports from…

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