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Global firms, including from the US, are increasingly investing in Zimbabwe’s energy sector, diversifying beyond China’s dominance as the country expands renewables while maintaining coal and hydro for stable power.
Zimbabwe’s energy minister says global firms, including from the US, are showing growing interest in investing in the country’s energy sector, signaling a shift away from China’s long-standing dominance.
While the nation continues to rely on coal and hydro for power, with recent upgrades to Hwange and Kariba plants, officials emphasize the need for stable baseload capacity to support industrial growth.
Despite ongoing shortages and reliance on expensive imports, Zimbabwe is expanding renewable energy through solar and wind projects, backed by international financing and plans to boost output under the World Bank and African Development Bank’s Mission 300.
The government is licensing independent power producers and promoting regional grid integration, but stresses that renewables must complement, not replace, reliable power sources for mining and manufacturing.
Las empresas globales, incluidas las de los Estados Unidos, están invirtiendo cada vez más en el sector energético de Zimbabue, diversificándose más allá del dominio de China a medida que el país expande las energías renovables mientras mantiene el carbón y la energía hidroeléctrica para una energía estable.