Categories: Stories

Has ZERA given a solar power licence to another dubious businessman?

The Zimbabwe Energy Regulatory Authority was today reported to have awarded a South African company, Matshela Energy, a licence to build a solar power plant in Gwanda that will produce 100MW of electricity.

The company is owned by Matshela Koko, a former acting chief executive officer of South Africa’s power utility, ESKOM, who left the state enterprise in a huff in February last year.

Koko resigned while under a disciplinary hearing which was abandoned after he left.

According to Fin24, Advocate Nazeer Cassim, who was chairing the hearing said there was no need to continue with the inquiry because the aim was to determine if there was merit to the charges against Koko and, if there were, whether he should be fired or not.

By stepping down his “employment relationship has come to an end”, Cassim said.

The Zimbabwe Power Company is battling it out with local businessman Wicknell Chivayo after he failed to build a 200MW plant in Gwanda but was paid an advance of US$5 million.

Matshela Energy’s licence is for 25 years.

Koko announced the deal on his twitter handle yesterday adding: “I was forcefully diverted to my destiny by President @CyrilRamaphosa & @mgigaba. Little did they know they were pushing me to greater heights.”

Zimbabwe is currently facing serious power shortages and has introduced load-shedding which can last up to 18 hours a day.

It is currently negotiating power imports from South Africa and Mozambique.

 

(127 VIEWS)

This post was last modified on July 21, 2019 7:11 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024