Energy research needs US$20m
Zimbabwe requires at least US$20 million a year to fund research and development for clean and alternative energy sources, an energy expert said yesterday.Zimbabwe Energy Regulatory Authority chief executive Engineer Gloria Magombo told New Ziana that Zimbabwe was lagging behind in research on new methods and trends emerging in the energy sector owing to lack of funding. Eng Magombo said most research institutions had scaled down on capacity owing to funding constraints. “I think the funding which we are looking at on an annual basis can go beyond US$20 million to do that research effectively but what we received specifically just for renewable energy and energy efficiency as projects was about US$3 million, of which we could only fund about US$1,3 million worth of projects,” she said.
“I believe it will also contribute towards employment creation because from research once those things are proven they have to be rolled out as projects so it just does not stop at research,” she said. Zim structures mine funding bond...... Read the full, comprehensive news article and discuss at The HeraldSimilar Stories