The Zimbabwean government has issued a directive setting an ambitious end-of-2026 deadline for the comprehensive restructuring of the Zimbabwe Electricity Supply Authority (ZESA) entities. This strategic move aims to transform the national power utility into a more efficient and commercially viable operation. The announcement was made by Minister of Energy and Power Development, July Moyo, during his Ministry’s Strategic Planning Review Workshop held in Victoria Falls on Saturday.
The high-level workshop convened senior government officials, board chairpersons, chief executives of State-Owned Enterprises, independent power producers, and development partners to chart the future of Zimbabwe’s energy sector. Minister Moyo emphasized the urgency of the re-bundling process, placing the responsibility squarely on the Mutapa Investment Fund, the strategic shareholder of national assets. He called for the Mutapa Investment Fund to finalize the re-bundling of ZESA entities by the end of 2026, benchmarking against other regional utilities to create a new, efficient ZESA Pvt Ltd. The Minister also commended the Mutapa Investment Fund for its efforts in mobilizing finances for critical energy projects, particularly the rehabilitation of Hwange Unit 5, which has been out of service since 2021.
Key Players Involved
- Zimbabwean Government: Initiating and overseeing the restructuring.
- Minister of Energy and Power Development, July Moyo: Announced the directive and set the deadline.
- Zimbabwe Electricity Supply Authority (ZESA): The national power utility undergoing restructuring.
- Mutapa Investment Fund: Strategic shareholder tasked with executing the re-bundling process and mobilizing finances for energy projects.
Event Timeline
- October 4, 2026: Minister July Moyo announces the end-of-2026 deadline for ZESA restructuring at a workshop in Victoria Falls.
- Since 2021: Hwange Unit 5 has been out of service, highlighting the need for rehabilitation.
