Gideon Gono's TD energy gets power generation license

By Staff reporter | 26 Jul 2019 at 17:46hrs
A COMPANY owned by former Reserve Bank of Zimbabwe governor Gideon Gono, TD ENERGY, has received a licence from the Zimbabwe Regulatory Authority (Zera) to generate and supply electricity.

The licence enables TD Energy to construct, own, operate and maintain a 36-megawatt Ecosoft Solar Plant and to generate electricity into the grid using photovoltaic solar technology at Lot 3 Stuhm in Goromonzi District. The issuing of the licence was done in terms of Section 42 of the Electricity Act.

This comes at a time when the country is battling electricity shortages following a sharp decline in water levels in the Kariba Dam, generation constraints at Hwange Power Station and government's failure to pay outstanding debts to external power suppliers resulting in limited power supply.

Zera has in the past years licensed more than 51 independent power producers (IPPs) across the country in order to boost electricity generation in the country, but currently only 16 IPPs are operating.



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