WATCH OUT: Chasi warns IPPs sitting on laurels

WATCH OUT:  Chasi warns IPPs sitting on laurels

By Tendai Sahondo Government will soon revoke the licences of none performing Independent Power Producers (IPPs), energy and power development minister, Fortune Chasi has warned. Speaking today at the IPP listing masterclass hosted by the Zimbabwe Stock Exchange (ZSE) today, Chasi said the Zimbabwe Energy Regulatory Authority (ZERA) has issued 77 licences to IPPs with most of them either sitting idly on the licenses or selling them to secondary bidders for a higher price. “As of 31 July 2019, ZERA has issued more than 77 power generation Licences, 70 of…

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