JINAN Group to Invest $75M USD in Solar Power Projects to Address Energy Shortages

JINAN Group, a ferrochrome mining company based in Gweru, Zimbabwe, has announced plans to invest over $75 million in the development of two solar power plants with a combined capacity of 120 megawatts (MW). The initiative aims to mitigate energy shortages, reduce electricity costs, and promote renewable energy adoption in Zimbabwe’s mining sector.

The company intends to execute the project in two phases. The first phase involves the construction of a 20 MW solar power plant at its factory site, followed by a 30 MW expansion on land to be acquired from the Gweru City Council. According to Munyaradzi Matanyaire, JINAN’s Finance Manager, the first phase of the project will be developed at a cost of $25 million, with equipment for the 20 MW plant currently being shipped from China. Completion is expected by the end of the second quarter of this year.

Beyond these initial phases, JINAN Group plans to develop a 100 MW solar power plant at the Chessa substation, located 26 km outside Gweru, requiring an additional $50 million investment.

The company aims to enhance energy security, reduce Zimbabwe’s carbon footprint, and support economic growth by stabilizing electricity supply. The solar projects are expected to improve energy availability for production, create local employment opportunities, and drive innovation within Zimbabwe’s mining industry.

JINAN Group’s investment in renewable energy infrastructure aligns with national goals to enhance sustainability, lower reliance on fossil fuels, and promote industrial growth through cleaner power sources.