RioZim Limited has reached a critical milestone in its pursuit of renewable energy, as the company’s 178 MW solar project advances to the funding stage after securing all necessary regulatory approvals. This significant achievement underscores the company’s commitment to harnessing solar energy for a sustainable future.
In the financial statements for the fiscal year ending December 31, 2023, RioZim detailed its efforts to secure financial closure for its energy initiatives. The company is currently engaged in discussions with multiple potential financial partners to obtain the necessary funding for the ambitious solar project.
“The company’s energy projects, particularly the 178 MW solar project, are now at the funding stage after obtaining all necessary regulatory approvals last year. We are actively engaging with various potential funding partners to achieve financial closure,” said RioZim Chairman, Mr. Saleem Rashid Beebeejaun.
The 178 MW solar project holds tremendous promise for the region, offering the potential to significantly reduce carbon emissions while providing sustainable energy to thousands of homes and businesses. The solar power plants are set to support RioZim’s gold mining operations at Renco, Cam and Motor, and Dalny Mines.
RioZim has assured its stakeholders of ongoing transparency throughout the funding process, pledging to keep them informed of any major developments. “Our stakeholders will be kept informed of any notable developments,” Mr. Beebeejaun added.
As the world faces the challenges of climate change, RioZim Limited’s dedication to renewable energy solutions stands as a beacon of hope for a more sustainable future. The company is poised to play a pivotal role in shaping the region’s energy landscape, creating a better tomorrow for future generations.
