ZESA seals US$230m India deal
05/06/2012 00:00:00
by Bloomberg
THE Zimbabwe Power Company has signed a $230 million memorandum of
understanding with India’s Wapcos Ltd to overhaul the country’s three
thermal stations.
The plants covered are Bulawayo, Hwange and Munyati, Zimbabwe Power, the
power generating unit of Zesa Holdings (Pvt) Ltd., said in a newsletter
published Tuesday.
The memorandum also includes a feasibility study for the Gairezi hydro-power
station and upgrading the Deka pumping station for Hwange Power Station,
Zesa said.
It didn’t say when the agreement was signed.
The power utility is struggling to meet national demand with supplies being
rationed to both commercial and domestic users.
Zesa currently generates about 1,116 megawatts of electricity today against
a national demand of between 1,900 to 2,200 megawatts and tries to plug the
gap with imports from regional suppliers.