Construction of US$3bn power plant set to begin soon

granted the French conglomerate a licence to construct a power station in 2010.
Currently, the country’s sole power utility, Zesa Holdings, is producing about 1 400MW against a national demand of over 2 000MW per day, leaving a shortfall which has to be imported.
With the economy now recovering from a decade of contraction caused by sanctions that some Western countries imposed, demand for power continues to shoot up.
Energy and Power Development Minister Elton Mangoma told New Ziana the consortium would begin construction soon.
“They were telling me that the plan that they have for the project is ready so they should be starting work soon,” he said.
The power station will be situated in the Lusulu coal fields in Binga, Matabeleland North province.
The coal fields have an estimated 1, 2 billion tonnes of coal reserves.
Minister Mangoma said more firms were also showing interest in investing in the country’s power sector.
“People are always making inquiries and it is a good thing for our country that we have people willing to invest in this sector.
“As Government we will always welcome new investment,” he said.
The country is facing a critical shortage of power, which has resulted in industries operating at below capacity.
To address the situation the Government is pursuing the expansion of the existing power stations at Hwange and Kariba to boost supplies.
The Batoka Gorge project is also another one in the pipeline set to offset the country’s power woes once implemented. – New Ziana.

Related Posts

Economy: Growth signs visible

Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…

Gold to shield Zim from Middle East conflict fallout: AfDB

Africa Moyo Deputy National Editor ZIMBABWE’S strong gold sector and broad resource base are expected to cushion the economy against the economic fallout from the escalating conflict in the Middle…

Leave a Reply

Your email address will not be published. Required fields are marked *

×