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Victoria Falls Solar Park project sold for US$13 million

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HARARE – Kibo Energy plc, a United Kingdom renewable energy company listed in London and Johannesburg, has acquired the 100MW Victoria Falls Solar Park project for US$13 million.

The first 25MW of the project is fully funded and under construction, with the first 5MW expected to be in production by end of April 2022. The 25MW is to be connected to the grid by year-end.

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Kibo is buying the project through a share purchase agreement with Brownhill, the company that was developing the project via its subsidiary Power Ventures.

Kibo, which has previously had interests in coal mining, has been moving away from fossils to invest in renewables, and CEO Louis Coetzee, says the Victoria Falls deal ties in with its strategy.

“We are pleased to have been in a favourable position to participate in this transaction, which is timely, following the company’s strategy to disinvest from fossil fuels and focus on renewable and clean energy projects,” Coetzee says.

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“The successful completion of this Transaction will scale up Kibo’s footprint in Africa, with the potential addition of renewable energy projects in excess of 100MW with the first 5MW going into production at the end of April and the first 25MW fully funded for construction and commissioning.”

It is connected to the Hwange-Victoria Falls national transmission line, less than a kilometre from the solar facility.

On completion, the project will generate 100 MW of solar power, and is projected to deliver free cashflow (EBIT) of around US$107 million, according to the company.

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In 2020, government invited bids for the installation of 500MW of solar power plants, hoping a shift to renewable energy will help ease crippling power cuts.

But investment into Zimbabwean solar has been slowed by investor doubts that they will be paid in US dollars for supplying power. Government is reluctant to issue IPPs the guarantees they demand.

The Victoria Falls project, however, has a 10-year power purchase agreement denominated in US dollars, and it will supply mining and industrial customers.

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Kibo, has invested in coal assets before, including a 300MW coal-to-power project in Tanzania and Mabesekwa in Botswana. But it is shifting to renewables, with one of its most recent new projects being a 2.7MW plastic-to-syngas power plant in South Africa.

The company’s acquisition strategy has been to target projects that are near production; its renewable energy assets all have a time horizon of less than 18 months to first production. – newZwire

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Lifestyle

Dawn Thandeka King to headline lmiklomelo KaDakamela festival in Nkayi

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BY NOKUTHABA DLAMINI

The hills of Nkayi are set to come alive as preparations for the iMiklomelo kaDakamela Cultural Festival reach an advanced stage, with organizers confirming that acclaimed South African actress and musician Dawn Thandeka King will be the guest of honor.

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The festival, which runs from  3 to 6 April, at the Chief’s homestead, promises a vibrant celebration of music, sport, and traditional experiences that aim to put the district on the global cultural map.

Organizers expressed their excitement over the arrival of the South African star, noting that “her presence brings star power, inspiration, and cultural pride to Nkayi.” The actress will be joined by other high-profile guests, including Gama Mbokane from Tanzania, Prince Wandile Ngobese, and Umntwana waseZibindini uThulani kaGqikazi kaSolomon.

Adding a feat of incredible endurance to the festivities, organizing committee member Dr Gasolo is currently preparing to walk 205km from Bulawayo to ko Dakamela to amplify the voices of local creatives. Dr Gasolo, who recently returned from Zambia where he was part of the “Walk Across Africa” team, will embark on this local trek before heading to Ethiopia later this year to rejoin the journey to Cairo, Egypt.

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Festival coordinator Desmond Ntini confirmed to Southern Eye reporter, Margaret Lubinda that the packed programme includes campfire storytelling, traditional bush dinners, and a unique camping experience. “The chief will take centre stage as the guest storyteller,” Ntini said. The event will also feature the return of the popular Amahubo sessions and sporting events like the trademark Bosso social soccer match and the introduction of cricket, Emakhaya.

Beyond the entertainment, the festival serves a deeper purpose of community empowerment. Workshops will be held to teach villagers how to monetise waste, such as plastic bottles, alongside an empowerment workshop for local artists hosted in collaboration with the Isintu Festival.

This local initiative aligns with recent discussions in the National Assembly regarding the vital role of the tourism sector and heritage preservation. Lawmakers have noted that heritage preservation is a “crucial cog for maintaining the national identity, fostering cultural diversity, driving tourism growth and promoting economic development at large”  Members of Parliament have further observed that cultural tourism is a “powerful driver of economic growth” that has the ability to “transform lives at the grassroots level,” particularly for women and youth .

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However, the road to the festival has not been without its hurdles. Ntini noted that extending the festival’s duration has led to funding challenges. “Our main challenge centres on funding,” he said. “Large numbers of people from the koDakamela community attend, and they also need to be catered for. We are appealing for more support.”

Additional Source: Southern Eye.

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In the community

Heavy rains worsen condition of Binga’s poor road network

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BY STAFF REPORTER 

Communities in Binga are facing worsening road conditions after heavy rains damaged key routes, prompting urgent calls for rehabilitation and government intervention.

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Binga South legislator Fanuel Cumanzala said several major roads in the district have been severely affected by incessant rains, disrupting transport and access to essential services. 

He cited the Karoi-Binga Centre Road, Binga Centre-Cross Dete Road, Kariangwe-Lusulo Road, and Gwai-Lusulo Road as critical routes in need of urgent attention.

“The state of these roads is now a serious concern for our communities as they are no longer easily accessible,” Cumanzala said 

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“People are struggling to reach markets, health facilities and schools due to the damage caused by continuous rains.”

Transport and Infrastructural Development minister Felix Mhona said the Karoi-Binga Road, a 192-kilometre inter-provincial route linking Mashonaland West to Matabeleland North, has only 62 kilometres surfaced, with the remaining 130 kilometres gravel. 

He said plans were underway to upgrade the gravel sections.

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Mhona added that the Karoi-Binga-Cross Dete Road has been earmarked for rehabilitation under a Public-Private Partnership, with an investor’s expression of interest currently under consideration. 

On the Kariangwe-Lusulo and Gwai-Lusulo roads, he said ongoing works are focused on repairing rain-damaged structures.

“Contractors working along the Bulawayo-Victoria Falls Road have also been engaged to attend to nearby damaged structures,”Mhona said.

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“As a ministry, we will continue assessing the situation and submit funding requests for full rehabilitation as a long-term solution.”

He noted that several roads in Binga District have outlived their lifespan and require urgent rehabilitation, adding that upgrading costs have been calculated and projects will be implemented gradually as funds become available.

In the meantime, he said the ministry will continue routine maintenance efforts such as re-gravelling and pothole patching in collaboration with local stakeholders.

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“We are committed to improving the road network in Binga to enhance access to markets, healthcare and education facilities while ensuring long-term sustainability of the infrastructure,” Mhona said.  Source: Southern Eye 

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Speaker proposes national hotline for flood-prone districts like Tsholotsho

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BY NOKUTHABA DLAMINI 

The National Assembly recently held an urgent debate on the state of national disaster preparedness, with lawmakers warning that the current lack of resources at the district level is costing lives

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During the session, Clemence Chiduwa presented a somber report on a tragedy in Zaka South where two men died after being marooned for twelve hours following the capsizing of their boat . Emphasizing the gravity of the situation, he told the House, “The loss of life in Zaka South was not a local tragedy; it is a national warning as this is also happening in other districts”

Chiduwa argued that the failure of local units to respond quickly is a symptom of broader underfunding and lack of equipment, stating, “It reminds us that the disaster response delayed is disaster response denied”. He further observed that “institutions without tools cannot save lives,” calling for the Rural Infrastructure Development Agency (RIDA) to be adequately resourced with the machinery and financial support necessary for timely road and bridge rehabilitation.

Addressing these concerns, the Speaker of Parliament reminded the members that the state must utilize its existing resources, particularly the military’s air capabilities which have proven effective in the past.

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The Speaker specifically highlighted previous successful interventions, noting, “The helicopters from the army are always ready to come in and they have done so in the past, especially during Cyclone Idai and also when there were floods in Tsholotsho”.

To improve response times in flood-prone areas across Matabeleland North, the Speaker proposed the implementation of a national emergency line. He suggested that “what we need to really push for is hotline availability to all districts, if not all wards, so that as soon as they experience that, they phone that hotline straight to headquarters and the army will react accordingly”. This initiative aims to ensure that communities like Tsholotsho can bypass local infrastructure failures and receive immediate military assistance during future flood events.

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