23 January 2018
   
ZRP ‘Idiot’ Charamba loses cop insult case
Gukurahundi: Blame govt, not me – says ED
SA: Jazz legend Hugh Masekela dies
Cholera: Angry minister blasts city councils
Mzembi challenges arrest; quits politics
Mudzuri: Amnesty for MDC-T cop murder 3
Mnangagwa: Grace mentally unstable
ZESA gave Chivayo $7m, not $5m: Parly
MORE NEWS
Govt reduces excise duty on fuel
Filthy 5-Star hotels: Economy blamed
MORE BUSINESS
‘Am I African’ explores Zim's race conflict
Gafa’s Epworth concert draws thousands
MORE SHOWBIZ
Billiat might still leave: Sundowns coach
Katsande: Chiefs show championship mentality
MORE SPORTS
Mnangagwa’s ‘New’ Zim merits support
Zhuwao: kleptocracy and EDiots in Davos
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 
Zimbabwe eyes additional 5,000MW power by 2020 – Mugabe
28/10/2014 00:00:00
by The Source
 
 
RELATED STORIES
Brace for more power cuts: ZESA

ZIMBABWE is expected to generate an additional 5,000 megawatts of electricity by 2020, easing its perennial power deficit on the back of new projects and the resuscitation of existing stations, President Robert Mugabe said on Tuesday.

Mugabe told lawmakers during the opening of the second session of the Eighth Parliament that the completion of several power projects which are currently underway would ignite economic growth in line with the country’s economic blueprint, ZimAsset.

Zimbabwe is currently generating 940MW against peak demand of about 2000MW, resulting in frequent power cuts that hit mines, industry and households.

“The successful implementation of Zim-Asset hinges on the provision of adequate energy to all sectors of the economy. To this end, therefore, various initiatives to boost power generation are at varying stages of implementation,” Mugabe said.

“These include the Kariba South expansion project, the ZPC/Sinohydro Hwange Thermal Power Station Units 7 and 8 project, and several other smaller projects which, when complete, should yield a total of 5,000 megawatts by 2020.”

He said the setting up of special economic zones during the current session would also stimulate foreign direct investment, technology transfer and employment generation.

Mugabe said the mining sector, now the mainstay of the economy, would continue to drive economic growth despite a downward revision in its growth projections.

The mining sector, now accounting for over 60 percent of foreign currency generated is seen registering a negative 1,9 percent growth – after an initial growth projection of 10,7 percent for the year – due to weakening commodity prices.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker