HomeBusiness

Zim To Sign $700 Million Coal Bed Methane Deal

5 years agoThu, 03 May 2018 14:34:47 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Zim To Sign $700 Million Coal Bed Methane Deal

Minister of Mines Winston Chitando has revealed that President Emmerson Mnangagwa administration’s will soon be signing a major deal for the development of coal bed methane. The deal is worth $700 million with the government aiming to build a power station with some of the revenues. Speaking to Bloomberg, Chitando declined to reveal the identity of the investor.

Said Chitando,

The coal-bed methane projects will be for power and other related products and by-products. [Output will be]…channeled towards the establishment of a power plant.

You don’t necessarily need the global players, you need investment. As long as it’s good-quality investment.

More: BusinessLive

Latest Tecno Pop 8 - now available in Pindula.

$94, Cash on Delivery in Harare & Bulawayo.

WhatsApp: 0783 450 793

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback