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THE SMART NEWS SOURCE | Feb 10 2012 21:52 | LAST UPDATED Feb 10 2012 21:52 |
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Zimbabwe needs to invest at least $4,5-billion to boost its power supply capacity by 7 500MW by 2015, the chief executive of state-owned utility Zesa said on Wednesday. Ben Rafemoyo said the utility would seek to raise the funds through tariffs and the support of international agencies, but is also trying to attract independent power producers. "There has been renewed excitement out there and investors have told us that they are willing to come in ... it's just a matter of time, but of course the financial crisis has created an additional challenge," he told Reuters in an interview. Zimbabwe currently produces about 1 000MW, although its demand at peak time reaches about 2 200MW, forcing the country to import from its neighbours. -- Reuters  CONTINUES BELOW TOPICS IN THIS ARTICLE
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