Innscor Africa Gets License for Colcom Foods Solar Plant.
Innscor Africa has received approval to build a solar power plant for its subsidiary, Colcom Foods. The Zimbabwe Energy Regulatory Authority (ZERA) granted the license. The plant will be located at Colcom's Workington industrial site in Harare.
The solar facility will generate nearly one megawatt of electricity. Colcom will use this power for its operations. The company is one of Zimbabwe's biggest meat processors.
The solar plant should reduce Colcom's energy expenses and make the company less reliant on the national power grid. Zimbabwe has faced major electricity challenges in recent years.
In 2018, Innscor bought all minority shares in Colcom, making Colcom a wholly owned subsidiary. The company was then delisted from the Zimbabwe Stock Exchange.
Colcom has recently made significant investments to upgrade its facilities. It has installed new technologies, machinery, refrigeration systems, and packing lines.
Many Zimbabwean businesses are turning to self-generation to address the country's power issues. Frequent, long-lasting power cuts have hurt productivity and profits, and companies are seeking alternative energy sources as a solution.
There has been a rise in investments in renewable energy projects, especially solar. Prominent companies like Caledonia Mining Corporation and Schweppes have already embraced solar power.
Large mining operations like Zimplats and Bikita Minerals have adopted similar strategies. Households are also increasingly using solar energy to cope with power outages.
Zimbabwe's unreliable power situation is due to several factors. Low water levels at Lake Kariba have reduced hydroelectric generation, and frequent breakdowns at the Hwange thermal plant have worsened the electricity shortage.
The government is promoting private sector investment in energy generation. The goal is to produce up to 5,000 megawatts. This would make Zimbabwe self-sufficient in power and potentially allow for exports.
Innscor Africa has received approval to build a solar power plant for its subsidiary, Colcom Foods. The Zimbabwe Energy Regulatory Authority (ZERA) granted the license. The plant will be located at Colcom's Workington industrial site in Harare.
The solar facility will generate nearly one megawatt of electricity. Colcom will use this power for its operations. The company is one of Zimbabwe's biggest meat processors.
The solar plant should reduce Colcom's energy expenses and make the company less reliant on the national power grid. Zimbabwe has faced major electricity challenges in recent years.
In 2018, Innscor bought all minority shares in Colcom, making Colcom a wholly owned subsidiary. The company was then delisted from the Zimbabwe Stock Exchange.
Colcom has recently made significant investments to upgrade its facilities. It has installed new technologies, machinery, refrigeration systems, and packing lines.
Many Zimbabwean businesses are turning to self-generation to address the country's power issues. Frequent, long-lasting power cuts have hurt productivity and profits, and companies are seeking alternative energy sources as a solution.
There has been a rise in investments in renewable energy projects, especially solar. Prominent companies like Caledonia Mining Corporation and Schweppes have already embraced solar power.
Large mining operations like Zimplats and Bikita Minerals have adopted similar strategies. Households are also increasingly using solar energy to cope with power outages.
Zimbabwe's unreliable power situation is due to several factors. Low water levels at Lake Kariba have reduced hydroelectric generation, and frequent breakdowns at the Hwange thermal plant have worsened the electricity shortage.
The government is promoting private sector investment in energy generation. The goal is to produce up to 5,000 megawatts. This would make Zimbabwe self-sufficient in power and potentially allow for exports.
