The Zimbabwean government has urged for greater Chinese investment in its energy sector to tackle ongoing power shortages. Speaking at the Zimbabwe-China Business Forum in Harare, Minister of Energy and Power Development Edgar Moyo highlighted the vast potential for Chinese investments, especially through the Belt and Road Initiative (BRI).
Moyo noted that the BRI offers a distinctive platform for funding and executing sustainable development projects. He commended China for its steadfast support and collaboration in Zimbabwe’s energy sector over the years.
Zimbabwe is looking for investments in renewable energy, as well as in power storage, transmission, and distribution infrastructure. Moyo emphasized that Zimbabwe’s plentiful sunlight makes solar energy a promising option for boosting the country’s energy supply. He invited Chinese companies with expertise in renewable energy to partner with Zimbabwe in developing both large-scale solar farms and smaller projects for local communities and industries.
The Zimbabwean government has implemented reforms and incentives to encourage independent power producers and private sector involvement in the renewable energy sector. Moyo called on the Chinese business community to take advantage of the opportunities in Zimbabwe’s energy sector, stressing the importance of developing climate-resilient energy solutions in light of the challenges posed by climate change.
