The Mutapa Investment Fund (MIF) has approved a US$350 million partnership between Indian company Jindal Africa Investments and Zimbabwe’s state-owned utility, ZESA Holdings, to refurbish six units at Hwange Thermal Power Station.
The project aims to boost Zimbabwe’s electricity supply by adding approximately 400 megawatts (MW) to the national grid.
According to MIF CEO John Mangudya, the joint venture follows a “rehabilitate, operate, and transfer” model, meaning the partners will upgrade and operate the units for a period before transferring ownership back to ZESA.
This public-private partnership is expected to enhance Zimbabwe’s power generation capacity, addressing the country’s energy needs.
In August 2023, President Emmerson Mnangagwa inaugurated two new power units at Hwange, Units 7 and 8, built by Chinese engineering firm Sinohydro at a cost of US$1.5 billion.
These units added 600 MW to the national grid.
ALSO READ : ZANU PF Stalwart Tshinga Dube Succumbs to Kidney Failure at 83
