Zesa, Chinese Partnership to Save Over US$20 Million Annually

For all the News from Mashonaland Central, Join One of Our Groups

ZESA Enterprises (ZENT), a subsidiary of Zesa Holdings, is set to save more than US$20 million annually through a partnership with Chinese firm Shanghai Jinghai Electric Company to establish a local manufacturing and assembly plant for smart meters, switchgears, and electric vehicle chargers.

This public-private partnership, approved by Cabinet, will eliminate shipping costs and delays associated with imports, conserve foreign currency, enhance electricity reliability, improve billing accuracy, and reduce reliance on fossil fuels.

In an interview, ZENT Managing Director Dr Godfrey Mugaviri described the collaboration as a game-changer that addresses challenges involving imported components. He said the partnership aligns with Zimbabwe’s National Development Strategy 2 (NDS2) and Vision 2030.

To Advertise Inbox Us

Dr Mugaviri explained that the joint venture will initially see the Chinese firm holding 70 percent of shares, with ZENT holding 30 percent and an opportunity to increase its stake in due course. The venture aims to meet electricity demands locally and in the regional market while supporting electrification goals.

The locally produced switchgears will enhance power distribution reliability by reducing outages and supporting maintenance, while smart meters will improve billing, reduce theft, and promote energy efficiency. Electric vehicle chargers will facilitate sustainable energy transitions, and control panels will upgrade electrical system monitoring and safety.

Information, Publicity and Broadcasting Services Minister Dr Jenfan Muswere confirmed that the collaboration positions Zimbabwe as a potential regional hub for switchgear supply, addressing the growing need for modern equipment as the national grid expands.

Additionally, ZENT has increased transformer production significantly, targeting 10,000 units annually, a substantial rise from 600 units three years ago and the current output of around 3,000 units.

Follow Our WhatsApp Channel for all the News from Mashonaland Central – Bindura, Mbire, Guruve, Mount Darwin, Rushinga, Shamva, Mazowe & Muzarabani