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Friday, 10 May 2013

Battle for Batoka hots up

The Herald, Zimbabwe
22 April 2013

A consortium of Zimbabwean, Zambian and Chinese businesses have expressed interest to build the estimated US$4 billion Batoka Hydropower Project...

Energy and Power Development secretary Mr Partson Mbiriri said recently that six companies out of 25 had been shortlisted after bidding for the construction of the hydropower station.

Information gathered by Herald Business reveals that a local company, Khanyisa Energy and Treasfin Securities of Zambia, has partnered with one of the world’s leading energy companies, China Gezhouba Group Corporation, in the race to construct the Batoka Hydropower Project. CGGC are renowned for constructing the world’s largest hydropower station, Three Gorges Project, at a cost of more than US$50 billion in China.

Sources close to the development said the consortium known as Batoka Hydro Energy Power Company has joined among other companies, Sino Hydro-China, Carmago Correa-Brazil, China Water and Electricity Company and other Chinese and some European and Middle East firms to land the lucrative deal.

So far the two governments have ordered a fresh environmental impact assessment study before the actual construction begins. The ZRA was now in discussions with the World Bank to see if it could finance the fresh feasibility study.

Read full article here.

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