The domestic power utility ZESA Holdings says it has intensified efforts towards securing the much needed foreign currency for the importation of power and has challenged the private sector to seriously consider investing in power generation for the realisation of vision 2030.
Addressing captains of industry at the ongoing 2019 Zimbabwe National Chamber of Commerce (ZNCC) annual congress, ZESA Holdings Acting Chief Executive Officer, Engineer Patrick Chivaura said is part of the short term measure to deal with the power situation and participation in the Southern African Power Pool (SAPP) day-ahead market.
“We are continuing with the engagements towards securing the much needed foreign currency for power imports as part of the short term measures to deal with the energy situation,” he said.
Meanwhile, stakeholders attending the ZNCC congress are convinced that the middle income economy status by 2030 remains feasible and called for collective efforts in ensuring double digit growth rate and implementation of measures to control the inflation and managing the exchange rate.
“We need to double our efforts if we are to achieve the middle income economy status by 2030. We need to make sure that we deal with the fundamentals such as containing inflation and managing the exchange rate,” said some of the stakeholders.
The 2019 ZNCC Congress running under the theme: “Expanding Horizons: Dynamic Solutions for Economic Turnaround” will see delegates deliberating on strategies to revitalise the domestic economy.