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Zimbabwe : $202m solar deal inked by ZPC and Intratrek
Publish Date : 27-Oct-2015
The Zimbabwe Power Company has inked the countrys first national solar project with private company, Intratrek Zimbabwe, for construction of the 100 megawatt Gwanda power plant. The deal paves way for Intratrek and its engineering, procurement and construction partner, CHINT Electric, to begin looking for the $202 Million necessary to sponsor the project. This comprises all duties and other statutory payments.
Intratrek and its Chinese EPC partner will build the solar power plant in Gwanda, as part of ZPCs initiatives to resolve the countrys power deficit by tapping into solar energy. Two similar projects are aligned for Insukamini (Bulawayo) and Munyati. Each of the 3 will create 100MW, producing a total of 300MW from the solar power initiative. The State Procurement Board gave the (Insukamini) project worth at $197 Million to ZTE Corporation and the Munyati solar project for an EPC cost of $163 Million to Number Seventeen Metallurgical China.
Our Harare Bureau understands that ZPC in addition inked the contract for Munyati previous week, as progress on the projects gathers momentum to plug the countrys power deficit. The ZTE Corporation deal will be inked this week. The deal for Gwanda was inked by managing directors of the 3 firms, Intratreks Wicknell Chivhayo and ZPCs Noah Gwariro at an event attended by a number of executives from Intratrek, ZPC and the Chinese electrical/engineering group. CHINT Electric Company Limited vice president Lin Bosheng was present at the signing ceremony.
CHINT is the biggest manufacturer and seller of low-voltage electrical products in China and focuses in the research and development, production and sales of more than low-voltage electrical products. Its parent CHINT Group Corporation produces revenue in excess of $7 billion yearly and employs more than 23,000 people. It has installed above 10,000MW solar plants in China.
Gwariro said there was need to move with speed to ensure the project gets underway given the debilitating power deficit blighting the country.
Zimbabwe is undergoing serious power shortage, worsened by down scaling of electricity generation at Kariba because of dropping lake water levels, with generation averaging 900MW against peak demand of 2,200MW.
