Smoke rises from chimneys at Hwange Power station in Hwange, Zimbabwe, October 19, 2021. Picture taken October 19, 2021 REUTERS/Philimon Bulawayo/File Photo Purchase Licensing Rights, opens new tab
HARARE (Reuters) – Zimbabwe has agreed a $455 million, 15-year concession deal with the Africa-focused unit of India’s Jindal Steel (JINT.NS), opens new tab for the refurbishment of a 920 megawatt coal-fired power plant, the energy minister said.
The work on six ageing units at the Hwange thermal power station is expected to take four years, July Moyo said during a post-cabinet briefing late on Tuesday. Jindal Africa will recover its investment from revenue generated by electricity sales from the plant.
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