By Takudzwa Mashumba
Power generating companies interested in investing in Swaziland are concerned by an increase of power generating license to E1,2 million by the Swaziland Energy Regulatory Authority (SERA).
Service Global Limited is a company that has expressed interest in setting up an electricity generating plant using solar energy. The energy decision making body has been urged to revisit their fee otherwise investors would run away.
Mukazise Dube Director of Foreign Direct Investment at the Swaziland Investment Promotion Authority commended SERA for their consideration to reduce the annual license fee for power generation.
“It is always appreciated when conditions are adjusted to make them more welcoming for investors. This will make our job as SIYA more easily”
“We have always followed the Investor Road Map which calls for making it easier and faster for foreign investors to start Business in Swaziland,” stated Dube.
The power generation project referred to as Amanda will be carried on farm 1154 near Manzini and hearing will be conducted across the country about the project and everybody was encouraged to participate.
Other companies such as Royal Swaziland Sugar Corporation and Lubombo Sugar has shown interest in generating and supplying power to the nation and applauded the country’s prevailing economic and political environment.
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