The Batoka Gorge hydro-electricity project has been given priority status, allowing it to tap into the $20 billion fund set up by the African Development Bank (AfDB) to finance key infrastructure projects.
AfDB chief infrastructure economist, Shem Simuyemba, told media last week that the proposed hydro-project on the Zambezi River “is a good example of the kind of project this fund is going to cover because the initial focus of the fund is on those projects that can generate their own cash flow, their own revenue. Batoka is one of the projects that have been identified by potential financiers as one that can generate its own income because it is linked to the Southern Africa Power Pool. This means that if you generate power in Batoka it will feed not Zambia and Zimbabwe only, but the whole of the SAPP.”
The $2,8 billion power project will generate an estimated 800MW each for both Zimbabwe and Zambia. If executed, the project will alleviate power shortages currently prevailing in both countries.
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