Demand for electricity by industry and commerce in Zimbabwe is being projected to rise by 25 percent during the second quarter with regulatory authorities focusing on mechanisms to ensure adequate supplies across the country.
An anticipated rise in winter wheat production as well as increased utilisation of heating facilities during the winter season is exerting pressures on the ability of regulatory authorities to ensure constant supplies.
Strategies are being put in place to balance the act between the anticipated rise in the demand of electricity, with focus being on increased efficiency of power stations despite high rising costs as well as challenges on hydro power investment, said Zimbabwe Energy Regulatory Authority, Acting CEO Mr Eddington Mazambani.
“It is a key cause of concern and we just hope that something can be achieved in order to ensure that constant suppliers of power are maintained during the winter season,” he said.
While concern is being raised over a review of the current power tariff by ZESA, the government is still committed to stable pricing models while also taking into account the need to mobilise more funds or capital, according to the Deputy Minister of Energy and Power Development Cde Magna Mudyiwa.
“Everything is still being assessed and once we finish the real issue then we can still issue a policy over that but as things stand we are not yet adjusting the tariffs,” Cde Mudyiwa said.
While the government is implementing policies to promote participation of private capital in the energy sector, limited foreign capital flowing into the country still remains a challenge although notable progress is being achieved in the refurbishment of several power stations across the country.