News flash
- According to Bloomberg, the Intensive Energy User Group (IEUG) made up of mining companies including a former local unit of Rio Tinto and Mimosa, has secured US$250 million from the African Export-Import Bank to build a 250MW floating solar panels at Lake Kariba.
Intensive Energy User Group (IEUG) is a Private Voluntary Organisation for Zimbabwean companies consuming megawatt scale baseload requirement during daily activities to solve the looming crisis in electrical energy supplies that is threatening the growth prospects of the whole region as we advance. To this end, the IEUG has negotiated with the Zimbabwean authorities to conduct independent negotiations with regional and domestic power producers and to import power via the regional system through ZESA Holdings infrastructure.
The IEUG holds a 25-year retail-supply licence and a 20-year transmission agreement to connect to the national grid. It was also granted permission to trade and pay for electricity in US dollars.
Author: Bryan Groenendaal
2 Comments
“a baseload requirement of at least one megawatt of power during daily activities” ?
Does this make sense ?
One MW appears so little.
Nice project though, floating solar cost about 15% more to build than on land, but it works better because the water cools down the panels, increasing output by about 15%. Leasing water space most likely much cheaper than using agricultural land for solar farms. Panels reduce evaporation, leaving more water for hydropower or other use.
Thank you for the heads up Marcan, this has now been corrected.