{"id":71142,"date":"2022-12-19T17:35:51","date_gmt":"2022-12-19T15:35:51","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-releases-us34-million-for-power-imports"},"modified":"2022-12-19T20:31:24","modified_gmt":"2022-12-19T18:31:24","slug":"govt-releases-us34-million-for-power-imports","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/govt-releases-us34-million-for-power-imports","title":{"rendered":"Govt Releases US$34 Million For Power Imports"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The government says it has mobilised US$34 million towards the importation of electricity from regional producers to augment local generation.<\/p>\n

Speaking in the National Assembly last week, Finance and Economic Development Minister Mthuli Ncube said US$34 million is being processed to assist the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and Zimbabwe Power Company (ZPC) to import electricity. Said Ncube:<\/p>\n

We have intervened in terms of emergency resources to support both ZETDC and ZPC to the tune of US$34 million to source power from outside.<\/p>\n

Unfortunately, that is the best we can do immediately and this is being processed over the next seven days.<\/p>\n

Ncube also said the government will on Monday, 19 December announce independent power producers (IPPs) that will get support to generate power to meet national demand. He said:<\/p>\n

I am happy to report that we have thoroughly concluded the structure and framework of what we call the Government Implementation Agreement to support investment from the Independent Power Producers (IPPS).<\/p>\n

It will cover three areas \u2014 an appropriate level of tariffs; Government guarantees on the power purchase agreement and also guarantee currency compatibility.<\/p>\n

They have asked for these three things and we have put three of the projects on a pilot.<\/p>\n

We are now satisfied that we can as Government support GIA to cover those three areas.<\/p>\n

Monday next week, we will make a formal announcement and this will go a long way in the medium term in dealing with the power situation.<\/p>\n

Zimbabwe is currently experiencing one of its worst power crises, with electricity users spending up to 18 hours per day in the dark.<\/p>\n

On 19 December 2022, ZPC was generating a total of 672MW from three power stations, Hwange (433), Kariba (221), and Munyati (18). Harare and Bulawayo power stations were not generating anything.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The government says it has mobilised US$34 million towards the importation of electricity from regional producers to augment local generation. Speaking in the National Assembly last week, Finance and Economic Development Minister Mthuli Ncube said US$34 million is being processed to assist the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and Zimbabwe […]<\/p>\n","protected":false},"author":84,"featured_media":71141,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35],"tags":[1493,2189,402,7091,2518,1541,19],"class_list":{"0":"post-71142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"tag-africa-press","11":"tag-africa-press-zimbabwe-2","12":"tag-electricity","13":"tag-electricity-crisis","14":"tag-load-shedding","15":"tag-power-cuts","16":"tag-zimbabwe"},"yoast_head":"\nGovt Releases US$34 Million For Power Imports - zimbabwe<\/title>\n<meta name=\"description\" content=\"The government says it has mobilised US$34 million towards the importation of electricity from regional producers to aug ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-releases-us34-million-for-power-imports\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Releases US$34 Million For Power Imports\" \/>\n<meta property=\"og:description\" content=\"The government says it has mobilised US$34 million towards the importation of electricity from regional producers to aug ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-releases-us34-million-for-power-imports\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T15:35:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-19T18:31:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/12\/postQueueImg_1671458759.41.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"514\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-releases-us34-million-for-power-imports\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/govt-releases-us34-million-for-power-imports\",\"name\":\"Govt Releases US$34 Million For Power Imports - 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