Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

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ZESA seals US$230m India deal

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.


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