Hwange Power Expansion Project Begins In Earnest
https://news.pindula.co.zw March 02, 2019
The Herald reports that the expansion of the Hwange Power plant project has begun in earnest. Laying of the foundation store has now started. The main points about the project: -The company implementing the project is called Hwange Electricity Supply Company (HESCO) -It is a partnership between Zimbabwe Power Company (ZPC) and Sinohydro -It’s expected to employ more than 3,000 people. 450 are already employed. -The expansion is expected to be completed in 2022 -At completion generation of power from the power station will double from the current 600MW to 1200MW. -Currently, even though it generates 600MW it has a capacity of generating 600MW. -The project cost US $1,488 billion which is being funded by China Exim Bank, Sinohydro and Government through Infrastructure Development Bank of Zimbabwe. -It’s not clear what the split is or what the deal for the Chinese is.