Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jun 27, 2018

Zimbabwe Starts $1.5 Billion Hwange Power-Plant Expansion

(Bloomberg) -- Zimbabwe has started the $1.5 billion expansion of its Hwange power plant, which should take 42 months to complete, the technical director overseeing the project said.

“The additional 600 megawatts which we will generate here obviously means we will move towards self-sufficiency,” Zimbabwe Power Co.'s Joshua Chirikutsi said in an interview Wednesday in Hwange, about 600 kilometers (375 miles) west of the capital, Harare.

Zimbabwe's power utility is meeting about half of the country's 2,200-megawatt electricity requirement. It relies on imports because existing units at Hwange have fallen into disrepair. Upon completion, the two new units will add 600 megawatts to the existing 920-megawatt plant, the country's biggest.

The facility needs 240,000 metric tons of coal a month but suppliers haven't been meeting the order value because the utility doesn't consistently meet payments. The situation is set to improve, with Zimbabwe Power Co. due to get support from the nation's central bank to make foreign-exchange payments, Chirikutsi said.

To contact the reporter on this story: Godfrey Marawanyika in Harare at gmarawanyika@bloomberg.net

To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, Ana Monteiro, Robert Brand

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search