Zimbabwean government to Secure Funding for Hwange Thermal Power Project

Zimbabwean government to Secure Funding for Hwange Thermal Power Project

Zimbabwean authorities are about to secure funding for its Hwange Thermal Power plant expansion project first half of 2015. Sino Hydro, a Chinese firm has bagged the contract of adding two units at Hwange Thermal Power Station. Construction work is expected to begin soon after securing financial closure.

“We are working on financial closure, hopefully in the first half of next year we will have financial closure and work can start soon thereafter,” he said.

Hwange plant currently is producing about 650 MW from an installed capacity of 920 MW.

Zimbabwe is currently facing power shortages as national power demand at peak periods is estimated at 2 200MW.

The government, through the Zimbabwe Power Company, has embarked on several projects to bridge the power deficit such as expanding existing power stations and building new ones.

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