Droege Energy, a Germany-based power company, has expressed interest in investing more than US$13 million dollars in a solar project at Lake Mutirikwi which will supply electricity to new irrigation schemes and contribute to the national grid.
Company Chief Executive Officer (CEO), Gustavo Droege paid a courtesy call on Minister of State for Masvingo Provincial Affairs, Ezra Chadzamira last week and made clear his company’s interest in setting-up a 10 megawatt solar plant at Lake Mutirikwi.
After the meeting, Droege and his delegation toured Lake Mutirikwi to have a firsthand appreciation of the site.
In an interview with TellZim News, Droege said his company was committed to helping the people of Zimbabwe improve their economy.
"We are happy to invest in Masvingo and as Droege Energy, we are committed to help the people of Zimbabwe improve their lives," said Droege.
Asked whether the project was inspired by the ‘Zimbabwe is Open for Business’ mantra, Droege said their interest in the country’s energy sector had been warmly received by government.
"Yes we were inspired by the conducive business environment and in Harare, we visited different ministers and all of them were impressed by our proposals," said Droege.
In his own remarks, Chadzamira welcomed the development and said he was optimistic the project will succeed.
"We welcome this project as we work towards vision 2030. This is a very big project which I am sure will transform the lives of the people of Masvingo," said Chadzamira.
The Mutirikwi solar project is Droege Energy's first major proposed prospective project in Zimbabwe and is expected to be completed in the first quarter of 2019.