RioZim announced that its US$2 billion Sengwa Thermal Power Station project in Gokwe is expected to start within the next 12 months.
In a statement which accompanied the listed mining group’s audited financial results for the year ended December 31, 2018, RioZim chairman Lovemore Chihota said:
The group made strides in the Sengwa Power Station Project, which entails the development of a 2 800 megawatt power station in phases of 700MW each.
As the project gained significant traction during the year under review, the company has now set ambitious targets for 2019, which will culminate in the project kick off in the next 12 months.
In this regard, the group has lined up strategic initiatives, which if successfully implemented will significantly improve the group’s fortunes.
The major projects include the construction of the BIOX plant at Cam & Motor Mine and the Sengwa Power Station Project.