Economist calls for investment in renewable energy

By Wallace Mawire

 A leading economist and senior researcher in Zimbabwe Dr Prosper Chitambara has urged local organisations and even concerned citizens in the country to start seriously investing in renewable energy to avert the energy crisis affecting the country.

Chitambara, working with the Labour and Economic Development Research Institute of Zimbabwe, (LEDRIZ),  told Journalists at a socio-economic rights media engagement seminar in Harare, that energy was a binding constraint to doing business in Zimbabwe. 

He said energy was affecting many sectors in the country including the growth of Small and Medium Enterprises (SMEs).

 “The World Bank has identified energy as a critical enabler to doing business in Africa and this amplifies the need for organisations, the private sector, government and citizens, to now seriously consider investing in renewable energy and moving away from non-renewable forms of energy,” he said.

Solar and wind energy were some of the energies that could be exploited.  Chitambara said the abundance of sunshine in the country offered immense potential for solar energy use.

 Chitambara said lack of energy was affecting growth in the country highlighting the need to seriously focus on renewable energy projects. He noted that other energy issues were related to the country’s aging thermal power infrastructure.

  Asked why other countries in the Southern African Development Community (SADC) region such as Mozambique, were not experiencing load shedding, Chitambara said Zimbabwe was being affected more due to lack of diversified alternative energy sources. 

   

Post Author: Chido Luciasi

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