Australian indie Invictus Energy has substantially increased the estimates for the Mukuyu-1 gas prospect in the Cabora Bassa Basin in Zimbabwe, following a new study by London-based consultants ERCE.
Independent power producer Solgas Energy has begun work to expand the Hwange-based Cross Mabale solar PV plant by 10MW.
Australian Securities Exchange (ASX)-listed Invictus Energy has begun rig mobilisation at Cabora Bassa in Zimbabwe, with drilling of the Mukuyu-1 well due to start in July, as the first part of a two-well gas exploration campaign.
Zimbabwe’s plans to use its ample coal resources to produce power, while it slowly scales up its renewable capacity, have been dealt a major blow, with international funding now in doubt for a series of major projects.
Harare City Council (HCC) has suspended a joint venture with Dutch firm Geogenix, just a few weeks after the investor started work on a recycling facility and a 22MW waste-to-energy plant at the city’s Pomona dump site.
Kibo Energy has abandoned its proposed $13m acquisition of Chidome solar PV from Broomfield International. The London AIM-listed renewable energy company said it had not been satisfied with the outcome of its due diligence process.
Australian Securities Exchange (ASX)-listed Invictus Energy has raised A$12m ($8.5m) via a private placement with investors to support its oil and gas drilling campaign in Zimbabwe’s Cabora Bassa region.
Dinson Iron and Steel Company is arranging a loan to Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to build a 330kV, 100km line to connect the Chinese company’s iron and steel plant in Chivhu to the national grid.
Kibo Energy has extended the deadline for its takeover of the 100MW Chidome Solar PV project (also known as Victoria Falls Solar Park) in Zimbabwe for a second time.
Construction work has begun on two solar PV plants with a combined capacity of 30MW being built for cement manufacturer PPC Zimbabwe.
The German-backed Nitric Acid Climate Action Group (Nacag) is financing fertiliser manufacturer Sable Chemicals project to design, install and commission nitrous oxide (N20) abatement technology and emissions monitoring equipment at its plants in Kwekwe, central Zimbabwe. Sable has launched a tender with a bid deadline on 14 June.
Dublin-based Kibo Energy’s plan to buy the 100MW Chidome Solar PV project (also known as Victoria Falls Solar Park) in Zimbabwe from Broomfield International for £10m ($13.1m) is a further step in the company’s campaign to shift from fossil fuel power production into clean energy.
Price volatility following Russia’s invasion of Ukraine and a huge speculative play on the London Metal Exchange (LME) by China’s Tsingshan Holding Group sent the nickel market spiralling out of control in early March. Prices have since stabilised and are still likely to boost producers’ balance sheets. This could be a double-edged sword for Zimbabwe, which stands to make huge gains from coveted energy minerals, but which is also vulnerable to global market instability
The amount of electricity that households and industrial customers can feed into Zimbabwe’s national grid through net metering has been increased from 100kW to 5MW, following the gazetting on 11 March of amendments to the Electricity (Net Metering) Regulations of 2018.
President Emmerson Mnangagwa’s government has approved a build-operate-transfer (BOT) scheme to build a 22MW power plant at the Pomona landfill site in the capital Harare, in collaboration with a Dutch developer
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