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Victoria Falls Solar Park project sold for US$13 million

Published

4 years ago

March 22, 2022

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.

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.

“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.

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.

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

Related Topics:Johannesburg London Victoria Falls Solar Park

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In the community

MP press govt on Binga hospital, mortuary crisis

Published

6 hours ago

March 20, 2026

VicFallsLive

BY NOKUTHABA DLAMINI

Members of the Parliament of Zimbabwe have raised concern over the state of health services in Binga District, questioning delays in upgrading key facilities.

Binga South MP, Fanuel Cumanzala asked the Minister of Health and Child Care:

“Whether there are any plans to rehabilitate Binga District Hospital to make it suitable for a nursing school, as earlier announced by the government.”

He further queried:

“Whether there are any concrete plans to permanently resolve the challenges faced by Binga District, particularly regarding the mortuary, which has not been fully operational for a long time.”

In a follow-up question, the legislator pressed government on broader service delivery gaps:

“What measures are being taken to improve healthcare services in Binga District, particularly in rural areas.”

“What measures are being implemented to reduce incidence of malaria and waterborne diseases in the Zambezi Valley.”

“Whether there are any plans to upgrade and expand healthcare facilities in Binga District in light of population growth and increased economic activity.”

No response was recorded in the proceedings

In the community

Hwange residents invited to constitutional amendment public hearing

Published

6 hours ago

March 20, 2026

VicFallsLive

BY NOKUTHABA DLAMINI

Residents in Hwange are set to have their say on proposed changes to the country’s supreme law as the Parliament of Zimbabwe rolls out public hearings on the Constitution of Zimbabwe Amendment No. 3 Bill.

The outreach programme will reach the coal-mining town on Tuesday, 31 March, with the hearing scheduled for 10am at Edmund Davies Hall, located at the No.1 Colliery Club near Thomas Coulter Primary School.

Attendance is free, and members of the public are being encouraged to participate and express their views on the proposed amendment.

According to Parliament, the hearings are part of a nationwide consultation process aimed at gathering citizens’ input before the bill is finalised. The proposed legislation—Constitution of Zimbabwe Amendment No. 3 Bill (H.B. 1, 2026)—seeks to introduce changes to key governance provisions.

The Matabeleland North outreach will begin in Tsholotsho on Monday, 30 March, before moving to Hwange, then to Binga on Wednesday, 1 April, and concluding in Lupane on Thursday, 2 April.

Parliament has also opened channels for written submissions, which can be sent to the Clerk of Parliament or via email.

However, authorities have warned that individuals wearing military uniforms, political party regalia, or carrying flags and badges will not be allowed into the hearings.

Residents in and around Hwange are urged to attend in numbers and make their voices heard.

In the community

Free dental outreach treats over 700 in Victoria Falls

Published

3 days ago

March 17, 2026

VicFallsLive

BY NOKUTHABA DLAMINI

More than 700 residents in Victoria Falls have received free dental care following a three-day outreach programme held at Mkhosana Clinic.

The initiative, led by global charity SmileStar in partnership with CIMAS, saw 705 patients treated between 9 and 11 March. The programme builds on previous outreach efforts in the region and is expanding this year to include Matobo.

A team of 16 volunteer dental professionals—many from Dentex—provided urgent treatment, pain relief, and oral health education, while also sharing skills with local healthcare workers.

Team leader Dr Mitesh Badiani said tooth decay linked to high sugar consumption, particularly among children, was the most common issue encountered.

“Many of these dental problems are preventable, and education plays a key role in helping to avoid such problems in the future,” he said.

The outreach received support from Africa Albida Tourism, with the team hosted at Victoria Falls Safari Lodge.

Africa Albida Tourism managing director Nigel Frost said the initiative would have lasting benefits for the community.

“This initiative provides vital dental care and education that will continue to benefit the residents of Victoria Falls long after the clinics have ended,” he said.

Mark Cockburn added that the programme highlighted the impact of volunteerism in addressing healthcare gaps.

Following the Victoria Falls outreach, SmileStar continued its programme in Hwange, before moving to Matobo today and tomorrow at Ethandweni Children’s Home, with a target of treating more than 1 000 patients across the three regions.