Zimbabwean company, ZOL and its South African partner, New Planet.
The company applied for five hectares of land to build amini-hydro power plant, commencing work in September this year.
The mini-hydro power plant is expected to produce five megawatts of electricity that will be fed into the national grid upon completion of the project in March 2014.
Masvingo RDC chief executive Mr Clemence Makwarimba last Friday confirmed that the council had approved the application.
A Memorandum of Agreement between the mini-hydro power developer and Masvingo RDC would be signed soon.
“Once we have finalised on the lease confirming that our council has approved their application for five hectares of land, we will then sign the memorandum of understanding with Great Zimbabwe Hydro Power that will pave way for building of the plant to begin and we hope that construction of the plant will start in September this year,” he said.
The successful completion of the power plant and subsequent generation of hydro power at Lake Mutirikwi would augur well for the Masvingo province.
“Masvingo has untapped mini-hydro power potential and the successful building of the power plant at Lake Mutirikwi will give impetus to similar ventures around the country,” he said.
Plans are also underway for the construction of a mini-hydropower plant at Manyuchi Dam in Mwenezi.
The power plant has a potential to generate a further five megawatts while the coming on board of Tokwe-Murkosi Dam in 2013 will create scope to build an 18-megawatt hydro-power plant.
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