China deal 'to boost Zimbabwe electicity'

2013-11-12 12:21
Patrick Chinamasa. (File, AFP)

Patrick Chinamasa. (File, AFP)

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Cape Town – Zimbabwe has secured a $319m loan from China to fund the expansion of a hydropower station in Kariba, a move that would help ease the electricity crunch that has hit the country for years.

According to a BBC report, the project will take four years to complete and increase Kariba's capacity by 300 megawatts (MW).

Finance Minister Patrick Chinamasa, who signed the deal with the vice-president of China's state-owned Exim Bank, said the development would go a long way in reducing power outages, adding the power problems constrained the growth of Zimbabwe’s economy.

Zimbabwe's current generating capacity stands at 1 200MW against a current projected energy demand of 1 700MW, according to News Day.

Chinamasa said the figures reflected a suppressed demand considering that the country's industry was operating below full capacity.

Chinamasa said the amount of energy required was 2 200MW.

Read more on:    patrick chinamasa  |  china  |  zimbabwe  |  southern africa

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