Will Zimbabwe re-power Harare power station?
As of February 2019, the Zimbabwe Power Company (ZPC) was set to commence the re-powering project for Harare Power Station (generator number 2) in the first quarter of 2019 to add 60 MW to the national grid and cut imports. ZPC secured a US$176 million loan from Afreximbank.
Where is Harare power station?
Harare power station is an approximately 90-megawatt (MW) coal-fired power station in Harare province, Zimbabwe. A repowering project is proposed. The undated satellite photo below shows the plant in Kopje, in the Workington area of the capital city along Coventry road. Your browser is not compatible with Google Maps v3.
How did ZPC finance Harare Power Station Repowering project?
Furthermore, the Bank also secured a mandate from ZPC to raise US$11.2 million towards its 15% contribution of the EPC costs plus insurance cover for the Harare Power Station Repowering Project. The project is expected to be funded 85% with a concessional loan amounting to US$70.2 million from India Exim Bank through the EPC contractor.
What are Zimbabwe's energy projects?
The Government of Zimbabwe has prioritised energy projects as one of the key enablers to economic growth and development. The prioritised projects include new plants and the optimization of existing plants and are expected to add additional power to the grid as follows:
How much money did IDBZ raise for Kariba South power station?
Dema Emergency Peak Plant - 200 MW. In line with the IDBZ mandate to mobilise resources for infrastructure projects, the Bank has to date raised US$38.8 million to fund refurbishment works at Kariba South Power Station to enhance the escrow capacity of KSPS under the expansion project loan structure from China Exim Bank.
How much power does Zimbabwe import?
Currently power imports stand at around 400 MW. Industry and Commerce have struggled partly due to acute power shortages being experienced in the country. The Government of Zimbabwe has prioritised energy projects as one of the key enablers to economic growth and development.
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It is heartening to note that as at the end of February 2016, the project was at 41% completion with full project delivery expected before end of 2018. Furthermore, the Bank also secured a mandate from ZPC to raise US$11.2 million towards its 15% contribution of the EPC costs plus insurance cover for the Harare Power Station Repowering Project.
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