All data is delayed
See More

China rescues Zim's electricity crisis

Dec 20 2012 17:50

Environmental activists have protested at Eskom's headquarters, claiming Eskom management titles in a campaign to highlight the utility's electricity tariff application. (Duncan Alfreds, News24)

Related Articles

Zim to issue $30m bond for power utility

Zim inflation dips slightly

Biti: Zim economic outlook bleak

IMF eases restrictions on Zim

Zim slashes growth forecast to 4.3%

Zim economy 'offers many opportunities'

Harare  - Zimbabwe signed a $400m deal with China's state-owned SinoHydro on Thursday to increase electricity production and ease daily blackouts.

The deal will mean a 400 megawatt upgrade for the Kariba Hydro power station on the Zambezi river, meeting an extra 18% of peak demand.

"We know that this project is badly needed to meet the requirement of the life of the people," said Yuzhi Wang, a SinoHydro official.

Zimbabwe production shortfall leaves residents without power for as many as 12 hours a day.

The country needs around 2,200 megawatts at peak consumption, but generates just under 1,300 megawatts thanks to increased demand, ageing equipment and a lack of investment.

"Zimbabwe and indeed the whole southern African region faces a critical power shortage and will continue to do so in the next few years," said Victor Gapare, chairperson of the state-backed Zimbabwe Power Company.

Plans are also underway to revamp the Hwange thermal power station in the west of the country.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

zimababwe  |  china  |  electricity


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote