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India provided a $310 million loan to Zimbabwe for a thermal power plant project

 Last Update: 2022-12-28
 Source: Internet
 Author: User

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India announced on Saturday it would lend Zimbabwe $310 million to finance a rehabilitation project for a coal-fired power plant, Hwange, which would require upgrading the station and extending its lifespan
.

The decision was made during a meeting between Indian Vice President M Venkaiah Naidu and Zimbabwean President Emmerson Mnangagwa and representative-level talks between senior officials of the two countries
.

Hwange is the second largest power plant in Zimbabwe with an installed capacity of 920 MW
.

India will also add $23 million in additional funding for the Bulawayo thermal power plant and $19.
5 million for the Deka pumping and intake system in Zimbabwe.

In addition, India will allocate $2.
9 million to upgrade the Indo-Zim Technology Center
.

Zimbabwe is the second stop on Naidu's six-day, three-nation trip to Africa, which aims to deepen India's strategic cooperation
with Botswana, Zimbabwe and Malawi.

Thermal power generation

Hwange is the second largest power plant in Zimbabwe with an installed capacity of 920 MW
.

Zimbabwe is the second stop on Naidu's six-day, three-nation trip to Africa, which aims to deepen India's strategic cooperation
with Botswana, Zimbabwe and Malawi.

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