Preparations are underway to establish the Renewable Energy Association of Zimbabwe (REAZ), an association that will facilitate the sustainable development and uptake of renewable energy in the country.
BY TATIRA ZWINOIRA
Renewable energy has become big business in the country as a result of severe power cuts resulting in an increased demand for renewable energy.
According to a draft copy of the constitution, the association seeks to support and enable the sustainable growth of the renewable energy sector.
According to excerpts of the draft constitution, the purpose of REAZ is “to facilitate the sustainable development and uptake of renewable energy technologies (RETs) to the benefit of members, stakeholders and consumers”.
“Following the increase in the demand for energy and power products and services, the market has experienced an increase in the number of players, particularly independent power producers and service providers. In addition, there has been increased interest in renewable energy.
“In response to these developments in the energy market, Zimbabwe’s energy industry stakeholders mooted the formation of the Renewable Energy Association of Zimbabwe. This document seeks to set out the constitution governing the operations and activities of the association,”read part of the constitution.
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REAZ will consist of a board of trustees under a chairperson elected from the board.
It will have a trust fund, where all money, investments or other property donated, purchased, ceded or transferred by the donor or any other person(s), organisations or corporate body with the intention that such assets fall under the control of and in either case accepted by the trustees as additions to the trust fund.
The energy sector is regulated by the Zimbabwe Energy Regulatory Authority and other regulatory and statutory bodies that derive their mandates from various statutes.
The energy sector stakeholders on the other hand derive their performance expectations from an enabling environment, whose character and nature is shaped by the past, prevailing political and socio-economic environment.
REAZ seeks to provide autonomy to energy stakeholders as they conduct their business in all things renewable.
