Zesa raises power generation capital

National power utility, Zesa Holdings said it anticipates to have raised its share of the $1.4 billion for Hwange Power Project by first quarter next year.

This was after the parastatal last week got a parliamentary approval for a $1 billion loan facility from the China Export-Import Bank.

Zesa CE, Josh Chifamba said that ZPC  was in the process of mobilizing the $307 million it is supposed to contribute to the expansion of Hwange 7 and 8 thermal power stations and ancillary structures.

The expansion project will provide an additional 600 MW of power to the national grid, in addition to 920 MW giving cumulative figure of 1 520 MW as the country's output.