Economic Updates - Featured - Local - Top Stories - September 8, 2021

Gvt endorses principles for the proposed amendment to the Rural Electrification Act [chapter 13:20]

Government has approved the principles to amend the the Rural Electrification Act [Chapter 13:20] the act is being amended to align it to best practice

The amendments will seek, among other provisions, to provide for: expanding the mandate of the Fund to include diverse sources of energy.

Speaking at a post cabinet briefing, Information, Publicity and Broadcasting Services Minister, Monica Mutsvangwa said the amendment is set to give the Rural Electrification Agency (REA) legal recognition as the implementing arm of the Fund.

REA will be allowed to implement its projects and reduce on contracting out and there will be rationalising the composition and functions of the Board.

“Under the amended Act, the number of civil servants who sit on the REA Board will be reduced in conformity with the provisions of good corporate governance, as contained in the Public Entities Corporate Governance Act (Chapter 10:31), and there will be gender parity in the membership of the Board,” Mutsvangwa said.

The amendments will also provide for the appointment of the Chief Executive Officer, and for the renaming of the Rural Electrification Agency to the Rural Energy Agency.

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