Zimbabwe seeks $9-12bn for rural electrification and new power plants, facing limited access to climate infrastructure funding.

Zimbabwe's energy infrastructure faces significant financing challenges, with annual power shortages costing the economy over $1.27 billion due to outdated systems. The country seeks $9-12 billion for rural electrification and new power plants as it aims to transition from fossil fuels to renewable energy. However, it has accessed less than 2% of the $100 billion annually pledged for climate infrastructure. Barriers include bankability issues and policy inconsistency.

September 30, 2024
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