Electricity

Batoka dam’s cost doubles to $5 billion

Thursday, 03 March 2016 17:05

Construction of Batoka hydroelectric dam has doubled to $5 billion. “From the feasibility studies we are doing, we are now talking of about US$4,5 billion, and the appetite (to fund the project) is there,” said Munyaradzi Munodawafa, chief executive officer of Zambezi River Authority (ZRA), Zimbabwe-Zambia joint venture company in charge of managing the Zambezi River basin.

With its 2,400 MW, the infrastructure which is shared by Zambia and Zimbabwe, should allow both nations to meet their respective power demand. However, funding which has delayed the project is not the only guarantee to the dam’s construction. It also depends on water levels of Zambezi River where it is to be built.

Truly, low rainfall in the region has already impaired power production at the Kariba dam, another infrastructure which the two countries share. Production at the station recently slumped to 285 MW from 750 MW as water levels fell.

Batoka dam will be built in the framework of a private-public partnership involving both nations and private companies which are in charge of construction. Now, the project’s continuation depends on the completion of feasibility studies and environmental impact studies which were launched in 2014 and are to end next July. They cost $4.9 million which funded by World Bank.

The Batoka dam project was conceived 23 years ago and was to start running in 2001.

Gwladys Johnson

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.