Africa GreenCo Group, through its operating subsidiaries, ZimGreenCo Power Services (Pvt) Limited and GreenCo Power Services Limited (together GreenCo) is delighted to announce the signing of a Memorandum of Understanding (MoU) with AMEA Power and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) – a subsidiary of ZESA Holdings. This collaboration aims to introduce innovative renewable energy solutions and enhance the electricity sector in Zimbabwe.
The MoU, signed on 6th December at this year’s COP28, outlines the commitment of ZETDC, GreenCo, and AMEA Power to work together in developing and implementing renewable energy projects across the country. GreenCo, known for its intermediary services in the energy sector across the SADC region, is poised to enhance energy generation by forging strategic partnerships and employing innovative solutions. GreenCo’s mission is to tackle issues of creditworthiness, thereby spurring the growth of renewable energy markets. By collaborating with AMEA Power and ZETDC, GreenCo will not only contribute to the diversification of the energy market but also foster the development of the domestic market and competitive markets within the Southern African Power Pool (SAPP), thereby broadening the horizon for renewable energy sources and fortifying the energy sector’s infrastructure.
AMEA Power, an independent power producer based in the UAE, will bring its expertise in designing, financing, constructing, and operating renewable energy projects. Focusing on identifying and developing potential projects that capitalise on Zimbabwe’s abundant solar, wind, and hydro resources.
ZETDC will facilitate this transformative journey by providing necessary technical support, ensuring grid connectivity complies with stringent requirements, and fostering a conducive environment for foreign investment in energy projects. This development echoes the Zimbabwean government’s vision to attract private sector investments and to increase renewable energy capacity for the energy sector growth.
The strategic collaboration between GreenCo, AMEA Power and ZETDC transcends the mere generation of electricity, envisioning the establishment of a robust and enduring energy infrastructure in Zimbabwe. It heralds the advent of a sustainable, dependable, and varied portfolio of energy resources, designed to meet the nation’s long-term requirements. This initiative is a critical driver for economic advancement and positions Zimbabwe on a trajectory towards achieving self-sufficiency in energy and realising its aspirations for a sustainable future.