Lusaka, Zambia — ESI-AFRICA.COM — 04 July 2011 – Singapore’s Nava Bharat Pte plans to start construction of a 300MW coal-fired power plant in Zambia before the end of this year, and plans to complete the new installation by the end of 2014.
“We have finalised the detailed layout of the power plant initially for 300MW, and later for an additional 300MW,” company director Ashwin Devineni said in a statement issued here.
The investment outlay for the first phase of the project “’ a new coal mine and the power plant “’ will be about US$750 million.
Devineni said full-scale mining and operations at Zambia’s largest coal producer, Maamba Collieries, where the power plant would be built, was expected to resume in August.
Maamba Collieries “’ once a key supplier of coal to the country’s copper mines “’ produced about 600,000tpa of coal in the 1980s, but output has slumped due to years of under-capitalisation and operational losses.
The new mine, which is expected to produce 360,000 tonnes of coal in its first year, aims to reach a maximum output capacity of 2Mtpa eventually.
State-run Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) owns 35% of the Maamba mine.