Zimbabwe to spend US$5bn on more power projects
In a bid to curb the power shortage in Zimbabwe, the Zimbabwe Power Company (ZPC) has announced plans to construct new power plants that will generate 3 500 MW; the power generation projects will cost the country US$5bn.
Currently the country is facing power shortages and most local industries are forced to use diesel generators on occasion.
“We are looking at around $5-billion for the various projects and you are looking at more than 3 500 MW (of electricity),” Noah Gwariro, the MD of State-owned Zimbabwe Power Company (ZPC) said.
The power project is estimated to take 6 years, and the power plants will be built in different locations to ensure they serve all regions.
Electricity shortages are deterring potential investors in Zimbabwe, so construction of these power plants is thus essential.
The country is already in collaboration with Zambia to invest US$2.5bn for construction of a joint power plant to add power to the grid and it plans to expand Hwange power plant in the Western region.
The country is also planning to launch two solar and gas power projects to add 420MW.