NEW: Zimbabwe moving away from single energy source

Mukudzei Chingwere in Victoria Falls

Zimbabwe is developing an integrated energy resource plan that will identify energy resources and chart an optimal development path, with a balanced energy mix that reduces dependence on a single source.

The plan was revealed by Vice President Dr Constantino Chiwenga when he officially opened the inaugural Zimbabwe-Zambia (Zim-Zam) Energy Projects Summit in Victoria Falls on Monday afternoon.

He said the summit presents a unique opportunity to build on the progress already made between the two countries.

“Together, we can create a model of regional cooperation that can serve as a beacon for others, demonstrating how to enhance energy resilience, promote sustainability, and accelerate industrial growth,” said VP Chiwenga.

“In that regard, I am pleased to share that Zimbabwe is currently developing an integrated energy resource plan that will identify our energy resources and chart an optimal development path, with a balanced energy mix that reduces dependence on a single source.

“Infrastructure development should also support industrialisation. Both Zimbabwe and Zambia are home to large, energy-intensive industries, particularly in mining and agriculture.

“Ensuring that these sectors have access to reliable and affordable energy will help stimulate economic growth, create jobs, and boost our regional competitiveness.”

He noted that both countries are actively seeking investors for major projects such as the Batoka Gorge and Devil’s Gorge hydroelectric stations, as part of efforts to strengthen energy resilience.

To achieve this, VP Chiwenga said Zimbabwe must create an environment that encourages both public and private sector participation in energy projects.

“Attracting foreign investment is not just about creating a favourable climate for investors, it is also about strengthening local industries, generating jobs, and ensuring that the benefits of these projects remain within our communities,” he said.

“Through public-private partnerships such as Build-Operate-Transfer, Build-Own-Operate-Transfer and Repair-Operate-Transfer, we can leverage international expertise while simultaneously empowering our local industries to take an active role in the growth and development of the energy sector.”