Zimbabwean bank IDBZ aims to broaden the overall energy mix of the African country with its focus on renewable energy. It has issued an EOI to seek partners for the development of solar and mini-hydro power plants.
- An expression of interest has been issued by the IDBZ to partner with investors who can develop, finance and construct or install renewable energy systems
- It seeks to develop seven solar power plants with a cumulative capacity of 285 MW and two mini-hydro power plants
- All the solar projects need to be connected to the national grid; last date to submit EOI is September 30, 2019
The Infrastructure Development Bank of Zimbabwe (IDBZ) is seeking to partner with investors to develop, finance and construct or install solar and mini-hydro power plants in the African country. It has issued an expression of interest (EOI) to establish a database for interested firms.
Through the partnerships, it wants to develop and finance 7 solar power projects with a cumulative capacity of 285 MW, and 2 mini-hydro power plants.
Solar power projects are identified as the Rufaro Solar Farm in Mashonaland East Province, Sable Solar Farm in Midlands province, GDE Bulilima Solar in Matabeleland, Gwayi Solar Project in Matabeleland — each with 50 MW capacity. For National University of Science and Technology (NUST), it has proposed to establish a 5 MW on-campus solar project for captive consumption of the university with surplus to be fed into the national grid under net-metering system, and the second project is for 50 MW off-campus solar plant to generate electricity in Bulilima district.
Gutu Solar Farm will have a capacity of 20 MW and will be stationed in Gutu, Masvingo, while the 10 MW Plumtree Solar Project will be developed on land owned by the bank.
All the solar projects will be connected to the national grid.
The EOI needs to be submitted by September 30, 2019. The bank will conduct a due diligence on prospective investor-partners in line with international best practice.
IDBZ said its thrust in the energy generation sub-sector is to also broaden the overall national energy mix with emphasis on renewable energy. The bank is currently working with various independent power producers to prepare projects to bankability. The same will also help the country save money on importing power from regional utilities.
Details about the tender can be viewed online on IDBZ website.