United Nations Resident and Humanitarian Coordinator Edward Kallon says a renewable energy fund, with an initial 45 million US dollar injection has been established for Zimbabwe and designed to mobilize resources as well as facilitate investments in the energy sector.
Speaking during an official opening of the 5th International Renewable Energy Conference and Expo in Victoria Falls recently Kallon said the flagship project was jointly developed by government and four United Nations development aid agencies.
Speaking at the same event , Old Mutual Zimbabwe chief finance officer Takunda Mudekunye said his company has mobilized 10 million US dollars for the renewable energy fund.
Zimbabwe is exploring various energy solutions including licencing independent power producers to boost the country’s electricity generation.