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Sunday, 22 August 2010

Investment Watch (Energy)

The Government announced earlier this month that it had signed an agreement with two Chinese companies to build a 600 megawatts plant expected to cost $1.5 billion. The construction of the Kafue Gorge Lower power project would start around April next year, with initial financing of $1 billion expected to come from the Chinese. The work would be undertaken under a new joint venture company, to be formed between ZESCO and China's Sino-Hydro Company and the China Africa Development Fund. More detail via Reuters.

1 comment:

  1. Off topic but an interesting article I found.

    Zimbabwe's 'new' farmers finally start to blossom

    More at: http://www.mg.co.za/article/2010-08-22-zimbabwes-new-farmers-finally-start-to-blossom

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