hwange1.jpgA total of US$2.5 billion is required for the financing of expansion projects at Kariba hydro-power station and Hwange thermal power station to increase power generation by 900 mega watts by 2015.

 

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The proposed expansion programme at Hwange thermal and Kariba hydro-power station is set to chew over US$2 billion in expansion projects which will see an additional 900 mega watts being fed into the national grid.

In an interview on the sidelines of a workshop in the capital, ZESA Group Chief Executive Officer, Engineer Josh Chifamba said US$2.5 billion is required to fund the expansion programmes.

Zimbabwe Power Company Managing Director, Mr. Noah Gwariro said the funding is set to be raised through equity and borrowing as the project remains critical to ensure enough power to the local manufacturing sector.

Under the expansion project, Hwange requires US$1 billion while Kariba is set to chew US$1.5 billion.

Firms that are set to embark on the projects will be identified in the next 120 days.