Grid Africa, a leading renewable energy company, has announced a significant partnership with a group of Zimbabwean mining companies to develop a 72MW solar power project. The initiative aims to address the country’s mining sector’s chronic energy shortages and reduce its reliance on the national grid.
The initiative, which is estimated to save the mines over $9.2 million per year, will provide a long-term and cost-effective energy solution, while also contributing to Zimbabwe’s economic independence by reducing energy imports.
“Grid Africa has successfully secured a project to develop 72MW of power for multiple mines in Zimbabwe. This initiative is expected to save the mines over $9.2 million annually and aims to significantly decrease energy imports for the participating mines. With the backing of our strategic technology and financing partners, this project is poised to make a significant impact on Zimbabwe’s mining and energy generation landscape,” CEO Norman Moyo said.
The cost of power has been a big worry for Zimbabwean miners, who have seen large tariff hikes in recent years. The solar project will give a much-needed alternative to the grid, allowing mines to operate more efficiently and competitively.
Several other Zimbabwean mining corporations, including Caledonia, Dallaglio, and Zimplats, have already made steps to secure alternative energy sources, with investments in solar power projects to meet their energy needs.
The need for electricity is likely to increase as the mining sector expands. The government has asked mining businesses to invest in their own electricity infrastructure to relieve pressure on the national grid.
Grid Africa, also known as Distributed Power Africa, has installed solar for large enterprises, including rooftop projects at Varun Beverages, Schweppes, and Devki in Kenya.
