Econet Subsidiary Targets 150 Megawatts Solar Electricity In 5 Years

Distributed Power Africa (DPA) plans to have 150 megawatts of installed capacity from solar energy in the next five years.

The Econet Wireless Global subsidiary has focused on the production of environmentally-friendly energy.

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Addressing journalists in Bulawayo last week after the launch of the Econet Bulawayo office, DPA Zimbabwe chief executive officer Divyajeet Mahajan said:

Econet has already committed $250 million to this initiative for different customers. We started this journey with Econet being the parent company, all of the Econet offices are going green, already five or six buildings have already gone green and some of the buildings are in the process of going green.

We have also signed external clients, we are doing around 20 projects now and overall, in the next three to five years, we should be doing around 100 to 150 megawatts of installed capacity. 100MW is our target for the next three to five years.

Mahajan revealed that DPA currently has more than one megawatt of installed capacity and that it is eying 80 megawatts in the next three months.

More: Newsday

Econet WirelessSubsidiary

Econet Wireless Zimbabwe, a subsidiary of Econet Wireless International, is the first and largest mobile network services provider in Zimbabwe. The telecoms giant became popular with its products and services such as Buddie. It has established branches in different corners of the country and enjoys... Read More About Econet Wireless

In business, a Subsidiary is a company that is owned and controlled by another company, usually referred to as the holding company. In Zimbabwe, examples of subsidiary companies are: CABS - a subsidiary of Old Mutual EcoCash - a subsidiary of Econet Wireless Zimbabwe Bakers... Read More About Subsidiary

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