Independent Power Producer (IPP), Uhuru Energy, has obtained US$51 million from an unnamed Chinese State-owned firm for the first phase of its 310 MW solar photovoltaic (PV) project in Zimbabwe.
Energy Finance & Investment News in Zimbabwe
Sunco Power Co Pvt Ltd, a Zimbabwe-registered start-up, is looking to obtain financing for a 20 MW solar PV park to be constructed in the south of Zimbabwe.
China New Energy Limited (CNE) has announced that Sunbird Bioenergy Limited, its project partner in Africa, has signed an agreement with the Republic of Zimbabwe to develop a 120 million litre cassava to bioethanol plant in the Machonaland Central Province of the country.
According to sources, Zimbabwe's State Procurement Board (SPB) has finally awarded tenders for solar power projects with a combined output of 300 MW to three firms.
Norton Rose Fulbright is appointed international legal counsel on South African interconnector project
Norton Rose Fulbright, is advising the Southern African Power Pool (SAPP) on the development of the regional interconnector transmission line between Mozambique, Zimbabwe and South Africa (MoZiSA).
Zimbabwe Power Company (ZPC) and NamPower, Namibia’s power utility, have signed a US$150 million power purchase agreement to secure finance for the expansion of Kariba South Hydropower Station project.
Stanbic Bank South Africa will provide an US$160 million loan to Zimbabwe Power Company (ZPC) for the expansion of Kariba South Hydropower Station project.