Last week Friday, a consortium comprising of Intratrek Zimbabwe, Angelique International, Bharat Heavy Electricals Limited (BHEL) signed the engineering, procurement and construction contract with ZPC for the much awaited hydropower project.
According to local media, the Herald, the project dates back to 2006 due to funding issues, however, the signing paves way for Intratrek to approach some of the banking institutions, including the pan-African financial services provider, BancABC, Afreximbank an international financial institution, as well as PTA Bank to provide some of the required funding for the project.
ZPC promises jobs for locals
The signing took place between the respective representatives of the firms, including ZPC managing director Eng. Noah Gwariro, Angelique’s Anil K Gupta, and BHEL general manager Shri Vijay Ramacharyulu.
Gwariro expressed excitement about the hydropower project, stating that it will improve growth in the area where the project is to be constructed.
“We also hope that it [the project] will create job opportunities for the people of Gairezi. The board recognises that it is a costly project – to ensure there is no price escalations we are expected to implement it as efficiently as possible.
“Construction of transmission lines and access roads will help in the development of the area. We hope this is the beginning of more works and co-operation between ourselves, Angelique and BHEL,” Gwariro said.
Meanwhile, Intratrek managing director Wicknell Chivayo said that he was overjoyed that his company will be working on this project, adding that Gairezi residents will be able to secure jobs during and after the construction phases.
Deal-partner pledges to meet deadline
“This is a very important project, Manicaland has never had many big infrastructure projects of this nature, so it is important in that respect and for the nation this is an additional 30MW that will be coming on stream,” he said.
Likewise, commenting on the deal, Gupta expressed his confidene in Angelique’s competency, stressing that the Gairezi hydropower project will be completed on time.
“We are confident that we will be able to complete the project in a time bound manner. It is a pleasure and our privilege to be awarded the Gairezi hydropower project and we assure you that we will fulfil our commitment,” he said.