Categories: NewsTechnology

Zimbabwe: Chinese to Invest US$15m in Solar Plant

A Chinese firm, Yaowei Technology will set up a US$15 million solar panel plant in Zimbabwe and produce about 500 solar panels per day.

Once the project takes off, it will significantly address the ongoing electricity shortages causes by low water levels in Kariba Dam and obsolete equipment at Hwange Thermal Power Station.

Crucially, the high cost of solar equipment — mainly because it is imported — has prevented citizens from harnessing solar energy.

Yaowei Technology director Mr Cheng Hangjian told journalists in Harare yesterday that they are in the country to seek investment opportunities especially in renewable energy to ease power shortages.

“We want to set up a solar power factory worth US$15 million in Zimbabwe. At least a one hectare piece of land is enough to set up the first phase of the project,” said Mr Cheng.

“The plant is expected to produce at least 500 solar panels a day to augment power supply in the county and will also help in creating job opportunities for the locals.

“Currently, we are doing feasibility studies to seek more investment opportunities.”

Albert Echetah

Recent Posts

South African Group Petitions For Chidimma Adetshina’s Removal FromInternational Miss Universe Pageant Over Identity Fraud Allegations

A group called Progressive Forces in South Africa has launched a petition against MissUniverse Nigeria Chidimma Adetshina, with the aim…

November 5, 2024

Mauritius Reopens Social MediaAccess in Response to PublicPressure

Mauritius on Saturday overruled its decision to prohibit social media until the election onNovember 10th which was caused by a…

November 5, 2024

UAE Crown Prince Arrives in Ethiopia for WorldWithout Hunger Conference

The UAE’s Crown Prince of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed AlNahyan was in Addis Ababa…

November 5, 2024

Zimbabwe’s rich (Mbingas) linked to state looting

Gilbert Machokoto, a former teacher, said that setting up a business in the late 1980s, shortlyafter Zimbabwe's independence, was ‘like…

November 4, 2024

Historic Shift in Botswana as PresidentConcedes to Opposition Victory

Following elections in which the party that had ruled the diamond-rich nation for almost 60years suffered a historic setback. Botswana's…

November 4, 2024

Lightning Strike at Uganda Refugee CampClaims 14 Lives, Including Children

A lightning strike at a refugee camp in Uganda kills 14 people including children with 34 othershospitalized. The incident happened…

November 4, 2024

This website uses cookies.