Zera Advocates for VAT Exemption on Renewable Energy Products to Boost Efficiency

• Zera is lobbying the government to remove VAT on renewable energy products to promote energy efficiency
• Existing power generation facilities in Zimbabwe are not meeting the national demand for energy
• Zera wants to fast-track renewable energy projects with a capacity to generate 1,800MW
• The removal of VAT on energy efficient equipment could save energy and increase revenue from saved energy
• The Energy and Power Development ministry has approved 28 independent power producer projects
• Zera has done a study on the impact of removing VAT on renewable energy products
• Removing VAT could create excess capacity and minimize energy usage
• Zera is waiting for feedback on the proposal to remove VAT on renewable energy products
• Licensing requirements and fees for renewable energy projects are lower than for other technologies.

Source: newsday.co.zw

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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