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Zimbabwe Secures $350 Million Deal To Refurbish Hwange Power Station

6 months agoFri, 04 Oct 2024 06:29:52 GMT

Zimbabwe Secures $350 Million Deal To Refurbish Hwange Power Station

The Mutapa Investment Fund (MIF) has approved a US$350 million joint venture between Indian firm Jindal Africa Investments and Zimbabwe’s state-owned power utility ZESA Holdings. The purpose of this partnership is to refurbish six units at the Hwange Thermal Power Station.

The refurbishment of the ageing power plant is expected to add approximately 400 megawatts (MW) of electricity generation capacity to Zimbabwe’s national grid.

In a recent interview with the Zimbabwe Independent, MIF’s Chief Executive Officer John Mangudya said the deal will be structured under a rehabilitate, operate, and transfer framework.

This means the partners will refurbish the power units, operate them for a period, and then eventually transfer the assets back to ZESA Holdings.

The joint venture aims to upgrade and revitalise the Hwange Thermal Power Station, which is a critical component of Zimbabwe’s electricity infrastructure. Said Mangudya:

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wa.me/channel/0029Vb4GVea90x2nCSDImS1b

Regarding developments at Hwange Thermal Power Station, the Mutapa Investment Fund board has approved the partnership between ZESA and Jindal Africa Investments for the refurbishment of Hwange units 1 to 6 on a rehabilitate, operate and transfer basis.
This investment, which constitutes a public-private partnership arrangement, will enhance the supply of electricity into the grid by around 400MW to 840MW from the rehabilitation of these six units.
This initiative will add electricity to the grid by around 400MW. The estimated cost of this project is around US$350 million.

In August 2023, President Emmerson Mnangagwa officially commissioned two new power generation units at the Hwange Thermal Power Station.

The new units, designated as Units 7 and 8, were constructed by the Chinese engineering firm Sinohydro at a total cost of US$1.5 billion.

The addition of these two new units has added 600 megawatts (MW) of electricity generation capacity to Zimbabwe’s national power grid.

More: Pindula News

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28 Comments

Anonymous · 5 months ago

YOU CAN FOOL THE PEOPLE MOST OF THE TIME BUT YOU CAN NOT NOT FOOL THEM ALL THE TIME

Anonymous · 5 months ago

Another looting avenue in the offing..

Anonymous · 6 months ago

Why is it that the refurbishment of the Hwange power station is done every year there's always a deal to do some maintenance work on it and it's crazy big figures yet magetsi anoita more than 18 hours kusina around places in Zimbabwe we are tired of hearing this ****t torai mari dzacho mudye makanyarara you corrupt ****ers don't insult us as a Nation

Anonymous · 6 months ago

Since 2014

Corruptmore Looto · 6 months ago

$1.5billion just for 600 MW of coal fired power, that was a very bad deal. That's why the Chinese are busing selling the electricity to Zambia because our foolish government can't pay them back

Anonymous · 6 months ago

Let's wait and see. It is a noble action for the benefit of the country. We do not want to hear story after story of stolen moneis from this project. Every cent must be seen where it goes. Otherwise this is a good move.

Anonymous · 6 months ago

At consumer prices for solar panels, you could get 2.4GW of capacity for 350 million. There is a lot more that goes into a solar power plant than panels, but that really puts into perspective the amount of waste that goes into these projects.

Corruptmore Looto · 6 months ago

They want a chance to loot, that is why they inflate prices. It is standard for them to add the looters margin to project.

Va Madiro · 6 months ago

Who approves national projects?? Government or the untouchable Mutapa Investment Fund!!??

Anonymous · 6 months ago

Do you need to ask? They are transferring all the countries assets to a private fund. I don't see Zimbabwe paying their debt so we are basically giving our power generation to India. Your children will be talking about paying a country on another continent to generate power.

Raine_.zw · 6 months ago

nyaya iyi haina kumbotaurwa fut before here

Officer#12 · 6 months ago

Haaa Zimbawe hatina zera nayo varume... Ndiri kuona tafura izere ndarama yakagarirwa netwudhara twunokara stereki... Imi vatungamiri veZim muri **** embwa..,

Gdpv · 6 months ago

From Chinese to Indians Zimbabwe is a corrupt country. Very corrupt indeed its looting style day and night. You engage this today tomorrow that to pave bigger room to steal. Mngudya the looting lawyer in hardcurrency now to loot in the rehabilitation of hwange power station again. We go nowhere. Who gave him that order to decompose our economy, corruption leaders we are tired of you

tavez.com · 6 months ago

old news again

🤴King Abs · 6 months ago

Yaaah

disgruntled citizen · 6 months ago

taneta nazvo izvi, refurbishment inoitwa every year. this is total ****. hazvibatsiri kana vanhu vachizogara murima. why not invest in solar energy or wind farming. land tinayo hobho

Pindula Lover🌹 · 6 months ago

350million...I foresee greedy men ready to share this amount of money...itori mhepo yakava gara

Officer#12 · 6 months ago

😂😂😂,,, 👊👊👊

...,. · 6 months ago

is the contract between Zesa and Jindal, or Mutapa and Jindal or Zimbabwe and Jindal?

Anonymous · 6 months ago

I don't understand this power station every year it's refurbishedments who is really benefiting from this corrupt activities

Anonymous · 6 months ago

Millions plus millions yet we still have no zesa nor money to import ???

HALF GIG · 6 months ago

ko kuyita zvema Solar Powr Station hakusi better here. Apa parikuda kudyiwa Mari chete. Kubvira rinhi tichingonzwa zvekugadzirisa zvenhu zveHwange Power Station

BBC · 6 months ago

old fvcking news

chevecheve · 6 months ago

Let the ball roll&wAlk the tAlk