https://www.newsday.co.zw/theindependent/amp/local-news/article/200032843/mutapa-fund-clinches-us350m-power-deal
“Additional measures to enhance power supply include upscaling or ramping-up the implementation of investments by the independent power producers,” he said."A significant number of IPPs were approved by Zera (Zimbabwe Energy Regulatory Authority), and what is outstanding is implementation, which in turn is dependent on appropriate financial structures to assure investors of the country’s repayment capacity of their funds.”
Mangudya also noted that they have considered tapping into gas as part of the energy mix. He added that the MIF board has already approved its participation in underwriting Zimbabwe depository receipts issued by Invictus Energy.“Gas provides a good source of energy. This is the reason why the MIF board approved the participation of MIF in underwriting of the US$5 million Zimbabwe depository receipts issued by Invictus Energy on the Victoria Falls Stock Exchange.”
MIF, working through Zesa, is putting in place a number of initiatives to address the power outages bedevilling the country.
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