Zimbabwe: $70m for Harare Power Plant
The Zimbabwe Power Company is set to meet senior officials from Jaguar Overseas Limited (JOL) in a preparatory meeting ahead of imminent release of $70 million by Afreximbank for rehabilitation of Harare Power Station.
The Herald Business also gathered that the impending meeting provides an opportunity for the parties to discuss, during another eagerly awaited high stakes discussion, issues on delays by JOL in starting work on the re-powering of Munyati, which has not progressed since being awarded in 2015.
ZPC had sought permission from State Procurement Board (SPB) to cancel the contract for re-powering of Munyati Power Station awarded in 2015 to the Indian company citing JOL’s delays in securing funding to rehabilitate the power plant.
ZPC acting managing director Engineer Joshua Chirikutsi said they will soon meet officials from Jaguar over Harare, amid expectations that Afreximbank will release the requisite funds.
Harare Power Station, whose last generators were commissioned in 1942, has been producing power intermittently after it was de-commissioned in 1970. Re-powering entails replacing old boilers with new technologies that increase the power output as well as the efficiency of the plant