Zimbabwe Seeks US$9 Billion in Energy Investments to Double Power Generation by 2030
Zimbabwe is seeking up to US$9 billion in investments to more than double its power generation capacity from nearly 3,000 MW to over 5,400 MW by 2030. At a recent conference, Energy Minister July Moyo outlined plans for policy reforms and competitive tariffs to attract private investment, aiming to secure US$4.42 billion by 2026 while also enhancing the country's renewable energy mix from 7.8% to 29%. The government is addressing infrastructure challenges and legacy debts to facilitate this investment drive.
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Zimbabwe requires up to US$9 billion in energy investments to more than double its power generation capacity from nearly 3,000 MW to over 5,400 MW by 2030. At a conference in London co-hosted by the World Bank and African Development Bank, Energy Minister July Moyo outlined a strategy incorporating policy reforms and competitive tariffs to attract private investment.
The government aims to raise US$4.42 billion from private sources by 2026 and plans to establish an Independent Power Producer procurement framework by Q2 2026. Zimbabwe's renewables mix will shift from 7.8% to 29%, with goals of 100 MW of net-metered capacity by 2025 and 200 MW between 2026 and 2030.
The country is also addressing its aging infrastructure and high legacy debt affecting the Zimbabwe Electricity Transmission and Distribution Company, which is a barrier to investment. The Mission 300 initiative aims to connect 300 million people in sub-Saharan Africa to electricity by 2030.
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