In Southern Africa, the ZTE Corporation has completed a feasibility study for Zimbabwe Power Company's Insukamini Solar Project.
The Herald Business reported that in October 2015, ZPC and ZTE signed a contract for the construction of the 100MW Insukamini Solar Project. Read more...
ZPC acting managing director Engineer Joshua told media it is encouraging that the application for project funding by ZTE Corporation to China Eximbank is now being finalised.
"The feasibility study has been done and is under review by ZPC and ZTE with expectations that it would be concluded by end of April 2017.
"Land acquisition for the project is in progress and application for the National Project Status has been done," Chirikutsi said.
"ZPC and ZTE are in constant communication and the two parties are diligently working on the feasibility study of the project with due processes being followed," he added.
Environmental impact assessment
Chirikutsi further disclosed that his company will soon conduct an environmental impact assessment study as well as price negotiations.
On funding, he said the power company is applying for a concessional loan from China Exim Bank and construction will commence after finalisation of the conditions precedence, which are currently in progress and after financial closure has been reached.
"We have a mutual business relationship and have always been working closely and amicably in the best interest of the project. Should there be any issues that need clarification or establishment of common ground, the two parties have clear channels of communication and to this end, no point of disagreement has been experienced," Chirikutsi stated.
Insukamini Solar Project
The State Procurement Board last year awarded tenders for solar power projects with a combined output of 300MW to three firms, media reported.
The solar projects, each with capacity for 100MW, were awarded to Intratrek Zimbabwe (Gwanda), ZTE Corporation (Insukamini) and Number 17 Metallurgical China (Munyati).
Awarding of the contracts brought finality to the prolonged evaluation of the multi-million dollar solar initiatives. Read more...
Insukamini solar project is expected to be constructed at an estimated cost of $160 million, Gwanda $171 million and Munyati for about $180 million in a development that will go a long way in alleviating the power shortage in the country.
Featured image: SAREC