The Zimbabwe Power Company has signed a US$128 million agreement with a three-party consortium for the construction of the 30-MW Gairezi hydroelectric plant.
The engineering, procurement and construction contract calls on developer Intratrek Zimbabwe to band with Indian turbine manufacturer Bharat Heavy Electrical Ltd. (BHEL) and its technical partner, Angelique International Ltd., to build the project, which will be located on the Gairezi River in eastern Zimbabwe.
The Gairezi facility has been proposed by ZPC for more about a decade, but has stalled due to a lack of financing. The utility said the signing of this agreement should help pave the way to investments for what it estimates will be a $110 million project.
Construction of the plant is expected to take 30 months.
ZPC has been active in broadening its generating portfolio in recent years, including a 300 MW expansion to the 750-MW Kariba hydropower plant.
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