A Chinese Company Gezhouba Group Corp will reportedly work with Rio Energy a division of Rio Zim to build a 2100 MW Thermal Power Plant a project worth R3 BIllion, ZBC News reports.
This was revealed by Rio Energy Caleb Dengu who said:
CGGC will develop the project and assist with the fund raising, We have coal reserves to support a 10,000 megawatt plant at Sengwa,
A 250 kilometre pipeline will carry water from Lake Kariba to Sengwa. The pipeline, and a 420 kilovolt-ampere power line, will be built by PowerChina. The first phase of the project will cost about $1.2 billion.
The Industrial and Commercial Bank of China has given a formal expression of interest in the project and is negotiating with Sinosure, also known as the China Export and Credit Insurance Corp, to cover country risk insurance costs.
Zimbabwe is currently battling power shortages following the drought that ravaged the country last year and left the country’s largest power plant, The Kariba Power Station unable to operate at maximum capacity producing less than 400 MW against a capacity of 1050.
More: ZBC News
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China is threatening great nations around the worl you bin zabweans will be their pet gold fish wake up get another backer from any where but china too help your industries
Death to china their country should be nuked and women raped
To Annonymous: however distasteful the machinations of the Chinese Government, your annonymous comment is is even more so. To wish the death of innocent lives and the the raping of Chinese women belittles any human being. How you would react if someone who disagreed with your views and behaviour was to rape your mother, sisters, realtives or friends? Desist from using social media in so crass a manner.
You mean china wants to help themselves ding dong
Remedio not being the annonomus above I agree but every thing you say has already been carried out by the Chinese supported zanu government on other tribes and races despite taking the moral high ground in the 80 s so don’t be suprised if they choose to see justice from those who for years have lied about thier tru and racial leanings and intentions have cause suffering of tens of thousands in poor countries I am sure they don’t mean it but they sure as hell have the right to follow up all allegations without the Chinese ccp preventing any transparency and have the right to feel betrayed