March 20, 2019

Gideon Gono ventures into clean energy

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A company owned by former Reserve Bank of Zimbabwe governor Gideon Gono has applied for a licence to operate a 36 megawatt (MW) solar plant.

According to the Zimbabwe Energy Regulatory Authority, TD Energy (Private) Limited wants to construct, own, operate and maintain the solar plant called Ecosoft Solar Plant at the corner of Mutoko and Shamva Roads in Harare East.

The licence application by TD Energy was done in terms of the provisions of sections 42 and 46 of the Electricity Act (Chapter 13: 19) of 2002.

Gono seems to be pursuing mega projects in the power sector. In 2016, his company received regulatory approvals from the Environmental Management Agency, the Zimbabwe Revenue Authority and the Zimbabwe National Water Authority to construct a 40.8 MW PV plant in Norton.

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