NRZ Pension Fund clients set to beat load shedding with solar solution
Distributed Power Africa (DPA), has announced an agreement to install rooftop solar panels nationwide at key properties belonging to members of the National Railways of Zimbabwe Contributory Pension Fund.
DPA is the renewable energy business of leading pan-African technology group Cassava Technologies.
Combined, the installations at various locations of the NRZ Pension Fund clients will total 5.3MW, making this one of DPA’s most notable projects to date.
With a projected annual energy production of 5.59GWh, the project will contribute significantly towards relieving the grid.
The electricity deficit on the continent has increased the demand for organisations investing in alternative and renewable energy.
Accordingly, DPA is one of the few organizations speeding up the rollout of renewable energy solutions for customers across various sectors in Zimbabwe and Southern Africa.
Commenting on the agreement, Divyajeet Mahajan, CEO of DPA Zimbabwe, said: “We are delighted to be working with the National Railways of Zimbabwe Contributory Pension Fund.
“The growing awareness among businesses to adopt reliable and cleaner energy is encouraging as it highlights the increasing consciousness towards meeting sustainability goals.
“We are ready to partner with our clients to deliver solutions that meet their energy needs especially with the current load shedding situation in the country”.
The National Railways of Zimbabwe Contributory Pension Fund manages a portfolio of properties across the country, including retail space and office buildings. Installing solar power will ensure occupants have a more reliable and uninterrupted power supply.
Takunda Madanha, Chairman of the NRZ Contributory Pension Fund Board said: “This partnership with DPA fulfils our mission as the Pension fund to manage the Fund in a way that is efficient and responsible.
“By switching to solar energy, we will save over 2,192 tons of carbon emissions annually, which will help us meet our obligations to our members, our tenants, and the environment,” Madanha said.
Meanwhile, DPA’s mandate is to ensure that businesses and individuals have access to affordable and efficient green energy through a zero-start-up cost model.
DPA designs, installs, owns, manages, and finances renewable energy solutions across Africa.