eBusiness Weekly
Zimbabwe has drawn down $199 million for the expansion of the Hwange Thermal Power Station (HPS), as the country presses ahead with efforts to ramp up local electricity generation.
The expansion of HPS, which is expected to cost $1,5 billion, will see two new units, 7 and 8, being added, each contributing 300MW to the national grid.
That will take HPS’ installed capacity to 1 520MW.
Zimbabwe Power Company (ZPC) public relations executive Ms Fadzai Chisveto, told The Herald Business the $199 million draw down was done in May this year.
President Mnangagwa officiated at the project’s ground-breaking ceremony on June 27 and works commenced on August 1. — The Herald.
