Zhenfa New Energy plans 100 MW solar project in Zimbabwe © Wikimedia Commons CC-by-SA 20.03.2014: Chinese solar developer Zhenfa New Energy Science & Technology Co., Ltd. is planning the construction of a 100 MW PV plant in Zimbabwe, according to AllAfrica, that cites a statement from the company’s director John Wang. The project would require a 315 hectare surface and an investment of $250 million. The company said it will finance the project with own funds. Furthermore, Wang said Zhenfa New Energy aims to install 2 GW of PV plants across Zimbabwe over the next five year. Local solar company ChiMuts Solar Zimbabwe has been identified as a possible partner for the projects. This is not the first large-scale PV project announced in Zimbabwe to date. In late July, Zimbabwe Power Co. (ZPC), a wholly owned subsidiary of state-owned ZESA Holdings, issued a request for proposals for the construction of a 100 MW solar power plant in Zvishavane. Later in September, Eastway (Pvt) Ltd., a subsidiary of Zimbabwe-based industrial group Twalumba Holdings, signed a memorandum of understanding with UK-based project management firm Thompson Cole Consortium for the construction of 600 MW of PV power plants across the country. In late October, AllAfrica reported that Chinese industrial electrical equipment provider and inverter manufacturer Chint Group was also planning to build a 300 MW PV project in Zimbabwe in cooperation with local industrial group Intratrek. In the previous week, local media reported that the Zimbabwe Energy Regulatory Authority (ZERA) was developing a FIT scheme for solar power, small hydropower, biomass and other renewable energies. According to the government plan, local utilities will be forced to buy certain quotas of electricity generated from renewable sources. At the time, ZERA was working to determine the FIT rates and the structure of the scheme. Zimbabwe currently has 1,119 MW of electricity generation capacity; this is well below peak demand, which falls between 1,900 and 2,200 MW. © PHOTON zhenfa allafrica/stories/201403181015.html
Posted on: Thu, 20 Mar 2014 18:16:56 +0000
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