- Tanganda Tea Company has invested US$8 million in solar projects to cut electricity costs.
- The company is expecting to make a saving of US$700 000 monthly through the measures.
Listed tea processing giant in Zimbabwe, Tanganda Tea Company, has invested a total of US$8 million in solar projects in a development that will cut off electricity costs for the company.
The development comes on the back of critical power outages, which sometimes run for between 16 to 20 hours per day, adversely affecting business productivity timelines.
Tanganda’s chief executive officer, Timothy Fennell, revealed details of the latest investment to stakeholders. “We have invested US$8 million on three solar projects. The company has installed a 1,8 MW solar plant at Ratelshoek Estate, a 1,4 MW solar plant at Jersey Estate and a 1,2 MW solar plant at Tingamira Estate,” he said.
Fennel added that there are currently three smaller ones amid plans to roll out one annually in the next three years at an anticipated cost of US$4 million.
The company is expecting to make a saving of US$700 000 monthly through the measures.