29 April 2010 – Construction work on the 120MW Itezhi Tezhi hydro power project in southern Zambia.
Construction work on the $240M Itezhi Tezhi hydro power project will start in July. The 120MW project, which is being developed by a joint venture of Zambian utility Zesco and Tata Africa Holdings, was originally planned to start early this year, but will now begin in July following delays in securing finance according to Project Director, Robert Nsamba.
In early January it was announced that the Export and Import Bank of India has agreed a $50M loan with the Zambian government for development of Itezhi Tezhi. The EBRD and the African Development Bank are also in negotiations for additional funding.
Operations at the scheme are expected to begin in 2014.