HARARE – The Zimbabwe Stock Exchange Limited has commissioned a solar plant which will result in energy cost savings of US$42 000.
The plant has a power generation capacity of up to 40KVA and and the payback period is within 3 years. The solar plant was officially commissioned today by the ZSE board chairperson, Caroline Sandura.
The overall objective of the solar project was to move towards a cleaner, affordable and reliable source of power given the need to keep trading servers continuously up. The ZSE has had to heavily rely on diesel powered generators as a fallback when electricity is
unavailable, a costly and environmentally unfriendly strategy.
According to the exchange, adopting solar energy is in line with the ZSE commitment to
sustainable practices. The ZSE has been a member of the United Nations Sustainable Stock Exchange Initiative since 2015 and in 2019 it adopted sustainability disclosure requirements in its listings requirements.
In 2019 the ZSE also published principles for Green and Social Bonds to be considered by issuers intending to raise funds for green projects.