Data provided by McGregor BFA
All data is delayed
Loading...
See More

Zim, Botswana ink power deal

Jan 06 2010 14:23

Related Articles

Zim, SA sign investment deal

'Zim dollar won't return soon'

Zim growth first in a decade

Zimbabwe switches to deflation

Zim mulls radical mineral plan

Zim govt reassures Nestlé

 

Harare - Zimbabwe's struggling power utility has signed an eight million dollar deal with Botswana to revive a shut-down thermal power station and ease national blackouts, state media reported on Wednesday.

Under the deal, the Botswana Power Company will provide funds to the Zimbabwe Power Company (ZPC) to refurbish the plant in the second city of Bulawayo and buy coal from the country's main colliery, the Herald newspaper said.

Zimbabwe will export power to Gaborone in return, it added.

"The deal will see us reviving the Bulawayo Thermal Power Station and enabling us to generate 90 megawatts and of this 40 megawatts will be exported to Botswana," ZPC managing director Noah Gwariro told the Herald newspaper.

"This will go a long way in easing pressure on the national grid."

Bulawayo and other small thermal power stations in the country were shut down in June 2008 due to Zimbabwe's financial crisis and ailing infrastructure.

Since February last year, industrial activity has been rising from a low of 10% to almost 55% by year end, but growth is limited by the scant power supply - adding to the pressure for more coal or other energy sources.

The southern African country spends millions of dollars importing electricity from its neighbours, just to keep the lights on some of the time in parts of the country, which at times go for 15 to 20 hours without power.

- AFP

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Solidarity urges members to vote

The Solidarity Movement has urged its members and supporters to vote in the 7 May general election.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

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