New transmission stations to be built as part of $1.5B Hwange project
Zimbabwe: ZESA Holding expects to raise $314 million by the end of this year for its equity contribution towards Hwange Power Station capacity expansion project, which will add 2×300 MW coal fired units to be installed adjacent to the existing 920 MW power plant.
The $1.5 billion project will also include building of transmission infrastructure to enable power evacuation from the plant with new substations, with power transformers and associated electrical equipment, to be constructed at Hwange and Sherwood, reports The Herald.
The project will be built by the Chinese company SinoHydro, and China’s EximBank will provide the remainder $997 million for the project.
Source: The Herald