[Pics] Old Mutual’s US$2.5 million, 0.64MW solar plant

Staff Writer

4 November 2021

Old Mutual yesterday launched a 0.64MW Solar plant for its Business Park in Harare. The official opening of the plant was attended by Old Mutual’s higherups and Minister for Energy Soda Zhemu.

The facility is quite impressive and produces more electricity than Old Mutual will ever need. The excess will be shifted to the national grid through ZESA’s Net Metering program.

Here are some pictures from the commissioning of Old Mutual’s Solar Installation:

Samuel Matsekete Group CEO Old Mutual Zimbabwe

Minister for Energy Hon. Soda Zhemu, giving his address

Hon. Soda Zhemu Minister of Energy and Power Development Commissions the Mutual Gardens Solar Plant

Plaque unveiling

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8 comments

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Juno

4 November 2021 11:46

And yet they are still suspended from the stock exchange??

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Emmerson Dambudzo Mnangagwa

4 November 2021 13:24

USD 2.5million for a 0.64MW??? We could have put up a 2MW plant for the same ammount.

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1. Naison Sebastian
  
  4 November 2021 16:06
  
  Agreed. See “Nhimbe’s News” Item below. Wonder who has the correct costings.
  
  Reply
2. Devil’s Advocate
  
  5 November 2021 19:25
  
  Maybe they prioritised the quality of componentry over raw capacity? One can hope😄
  
  Reply
3. Patriot
  
  14 November 2021 08:51
  
  Somebody pocketed the difference as usual
  
  Reply
Naison Sebastian

4 November 2021 16:03

The OM costs do not match with past similar investments, See ……. “In November last year, Sun Exchange (a solar crowdfunding startup) started its African expansion in Zimbabwe by commissioning a 1.9 MW, US$1.4 million solar crowd sale for produce exporter Nhimbe Fresh. The crowd sale was set to be the biggest held by Sun Exchange in Africa and as of Wednesday last week the project has reached its goal.”

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Imi Vanhu Musadaro

4 November 2021 21:11

At least, its producing 0.64 MW more than the one Chivhayo built, at half the cost… 😜

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Caleb Chipo Makoni

6 November 2021 10:21

I feel, anything tagged by the Old Mutual brand stands to go viral. Not until Eastgate, did the nation witness massive structural business construction. In the years that the country was set to lift the Davis Cup, Old Mutual was sponsoring the Tennis Calender. When I handed over a dratf approach to the famous Egypt -World Cup encounter, it was at the Old Mutual complex in Speke Avenue, where the Warriors were fundraising. I had my daughter on my shoulders then, and Women’s Football started to go viral globally. These are the fews things cherished by me, there are more unsung stories endearing to the nation. I can only watch in pleasure, this partnership with ZESA.

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