China releases $200m for Hwange Power Station

BY BLESSED MHLANGA

Chinese ambassador to Zimbabwe, Huang Ping told journalists in Harare yesterday that the Asian company had already received the money to commence construction work.
“Currently, we are working closely with Zimbabwe to implement the abundant fruits of the State visit of President (Emmerson) Mnangagwa and I firmly believe that it will bring even more tangible benefits to the people of Zimbabwe across the board. Just two days ago, I was informed that the EximBank has released the funds to financially support the Hwange Thermal Power Station, the first one which is around $200 million. That money has been injected or put into the account of the contractor, Sino Hydro, so now we can prepare for the ground breaking ceremony,” he said.

The project, financed through a Chinese loan of $1 billion, will see the expansion of the power plant by an addition of two more units with a combined output of 600 megawatts (MW).

Hwange is the country’s largest coal-fired power plant, with a total power output of 920MW installed capacity.

Source :

Check Also

Mwonzora Hits Ground Running

Newly elected MDC-T President Douglas Mwonzora has taken control of the party and immediately hit …

This function has been disabled for Zimbabwe Today.