Zimbabwean Govt targets $350m for Hwange power stations

The Zimbabwean Government is targeting to raise $350 million next year as financing for ongoing works at Hwange 7 and 8 thermal power stations. The $350 million is part of $969,4 million that has been targeted for the project going forward.

The Hwange 7 and 8 rehabilitation project was placed under the Rapid Results Initiative, and has since received a facility of $144 million from the China-Eximbank.

The expansion project will see Hwange Thermal Power Station, which at the moment has an installed capacity of 920 megawatts, producing an additional 600 megawatts (MW) to the national grid.

Secretary for Finance and Economic Development Mr George Guvamatanga, said in the 2019 Zimbabwe Infrastructure Plan that Government had identified several projects under the infrastructure priority list to address emerging infrastructure gaps.

Source: Herald

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