Zimbabwe plans to reduce the electricity import bill by more than 20 percent on the back of multibillion dollar investments in the energy value chain since January this year.
The country has in the past few years been spending an average of at least US$7 million per week on electricity imports.
However, the Permanent Secretary in the Ministry of Energy and Power Development, Mr Pattison Mbiriri said the refurbishment of power generating facilities, expansion of existing projects and fresh capital injection will in the future reduce the import bill for electricity.
“We are working on long term strategies to reduce the power import bill as we forge ahead with policies to enhance the quality of power supplies in our economy,” he said.
The government has ruled out possibilities of load shedding of electricity to industry and commerce.
Zimbabwe is also relying on electricity imports from the neighbouring South Africa and Mozambique.