Thursday, September 28, 2006

Energy: Zimbabwe needs $827 million for power stations

THE Zimbabwe Electricity Regulatory Commission (ZERC) says a total of US$837 million is required for refurbishment and expansion for three of the country's power stations to run at full capacity.

ZERC Commissioner-General Dr Mavis Chidzonga said Hwange Power Station Extension project alone required US$600 million, while Hwange Power Station refurbishment needed US$37 million and Kariba South extension US$200 million.S

The Herald reports that she said a number of companies have shown interest in the electricity supply industry, including China's, CATIC and a consortium of investors from South Africa.

She also named FARAB, an Iranian company; Indian companies and Association of Timber Producers and local investors.