AN American company, Labacorp Power Company America, has expressed interest in developing a 900MW solar project in Zimbabwe. The US-based corporate has applied to the government, through their local partners Craft Properties (Pvt) Ltd, for the implementation of the gigantic and game-changing project.
Craft Properties (Pvt) Ltd founder chief executive Mr Kudakwashe Taruberekera confirmed the reports, saying the investors will be bringing a full complement of professionals, including engineers, who will be working with technicians in the implementation and subsequent running of the solar plant. The company signed a Memorandum of Understanding with Texan investors in November last year after President Mnangagwa gave the investment his blessings.
The solar project, which is expected to commence as soon as it gets government approval, is expected to feed electricity onto the national grid and also create employment for hundreds of Zimbabweans.
According to the Stockholm Environment Institute, despite efforts to increase electricity generation, the SADC region still struggles to meet rising demand. The main energy sources in Zimbabwe include coal, wood fuel, electricity and petroleum fuels. According to the Zimbabwe National Energy Policy, the country has vast and diverse energy resources but the per capita energy consumption is only 24.0gigajoules, compared with an average of 200GJ for the developed countries.