Electricity

Zimbabwe: Sakunda Holdings to build emergency power plant in Dema within three months

Wednesday, 23 March 2016 18:17

In Zimbabwe, local firm Sakunda Holdings got approval to construct a 200 MW diesel plant in Dema. “The negotiations have now been finalized, and the necessary approvals granted. The project will commence soon,” said Fullard Gwasira, sposkeperson of state-owned electricity company, Zesca.

The emergency power plant will help Zimbabwe better face the current power crisis it is experiencing. “It is expected that the project will be completed within 12 weeks from the implementation of the Power Purchase Agreement (PPA) and is expected to start generating electricity by June 2016,” Gwasira said.

Reassuring regarding cost of electricity generated at the plant he added: “Diesel plants by their nature come at a premium tariff, just like the generators in our homes, but the tariff will be managed by the architecture of the plant as it is an emergency plant, and perhaps more importantly, by a mix of concessions, which the shareholder has granted the project to make the tariff more affordable.”

After this plant, another one in Mutare will be constructed. The Mutare plant has a capacity of 120 MW. Helcraw Electrical announced it acquired $120 million from import-export African Bank to develop the project.

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.