New investors shortlisted by the Zimbabwe Power Company for the expansion of Hwange and Kariba Power Stations are expected to be in the country between the 26th and 27th of this month to be appraised with what is needed to start the projects.In a bid to address the current power challenges that have rocked the nation, investors courted by the Zimbabwe Power Company will on the 26th and 27th of this month tour Kariba Power Station to assess what is needed in setting up two more power generation units that will produce 300 megawatts.
The team will then tour Hwange sometime in April where two more units are also expected to be put in place with a capacity of 600 megawatts.
The projects, if executed, will see Kariba and Hwange Power Stations being expanded to add 900 mega watts to the national grid.
In a telephone interview with ZBC News, Zimbabwe Power Company Managing Director, Engineer Noah Gwariro said with the help of KPMG Global and Hatch International, there are Chinese and Indian investors among others that have expressed interest and will do an assessment ahead of a tender adjudication process to be held in June.
Hwange is currently operating with six units that have a capacity of producing 920 megawatts.
It is estimated that the Hwange project is estimated to cost around US$1.9 billion, whilst Kariba expansion will gobble around US$700 million.
Both projects are expected to be complete in the next four to five years.