By Mwelwa Kenneth Chibesakunda MBA, Lusaka, Tuesday, 19 November 2024 – The inaugural Zimbabwe-Zambia Energy Projects Summit, held in Victoria Falls, Zimbabwe, brought together key stakeholders to discuss the future of energy in the region. The summit aimed to promote cooperation, innovation, and investment in the energy sector, focusing on renewables, grid modernization, and energy access.
Zambia’s Vision for a Cleaner Energy Future
Hon. Makozo Chikote, Zambia’s Minister of Energy, emphasized the need for a diversified energy mix, highlighting the country’s abundant solar, hydro, and wind resources. Zambia’s Integrated Resource Plan (IRP) aims to increase the share of renewable energy sources and reduce dependence on hydroelectric power. Chikote stressed the importance of private sector participation and innovative financing solutions to drive energy development.
Zimbabwe’s Commitment to Renewable Energy
Hon. Edgar Moyo, Zimbabwe’s Minister of Energy and Power Development, outlined the country’s vision for universal access to modern, reliable, and affordable energy. Zimbabwe’s National Renewable Energy Policy and Biofuels Policy aim to increase the share of renewable energy in the national energy mix. Moyo highlighted the need for grid modernization, energy efficiency, and regional cooperation to promote energy security.
Regional Cooperation and Investment
Vice President of Zimbabwe, Hon. Gen. (Retired) Dr. Constantino Chiwenga, emphasized the importance of regional cooperation in achieving energy security. He encouraged investors to explore opportunities in renewable energy, particularly solar and hydroelectric power. Chiwenga highlighted the potential for cross-border electricity trade and regional power pools.
Key Takeaways
1. Renewable Energy: Both Zambia and Zimbabwe are committed to increasing the share of renewable energy sources in their energy mix.
2. Grid Modernization: Upgrading transmission and distribution infrastructure is critical to improving efficiency and reliability.
3. Energy Access: Enhancing electrification rates, particularly in rural areas, is a priority.
4. Regional Cooperation: Strengthening energy trade and cooperation with neighboring countries is essential for regional energy security.
5. Investment: Private sector participation and innovative financing solutions are crucial for driving energy development.
The road ahead
The Zimbabwe-Zambia Energy Projects Summit marked a significant step towards unlocking a sustainable energy future for both nations. The commitments made by government officials, coupled with the enthusiasm of private sector stakeholders, demonstrate a shared vision for a cleaner, more efficient, and resilient energy sector. As the region continues to navigate the challenges of energy poverty, climate change, and economic growth, cooperation and innovation will be essential in achieving a brighter energy future.
