Strategies to give impetus towards the implementation of the $4.5 billion Batoka hydro-electric scheme will be high on agenda as Zimbabwe and Zambia finance as well energy ministers meet for the Zambezi River Authority (ZRA) Council of Ministers meeting set for this Friday in Victoria Falls.
The meeting is expected to will give policy direction of resource mobilisation for the $4.5 billion project.
ZRA CEO, Engineer Munyaradzi Munodawafa said the authority is looking forward to a successful meeting and commended the two governments for the efforts made so far in ensuring that the mega project takes off.
“The Council of Ministers meeting is on this week and we expect the policy makers to give direction on mobilisation of funding for the Batoka project. It is pleasing that the two governments shave shown interest in the project which is a game changer,” he said.
During the 35th Council of Ministers meeting in June this year, the two governments agreed to expedite the implementation of the project given its importance to the two countries’ economies and the region.
The Council of Ministers meeting comes at a time the Batoka hydro-electric project continues to generate huge interest from regional and international financiers.
Three preparatory studies which include the environment social impact assessment and the feasibility study are ongoing and set for completion during the second half of 2019.
The African Development Bank (ADB) was nominated as the lead arranger for financial mobilisation and is also providing technical support to ZRA which is the project implementer.