$70m for Harare Power Plant

By Golden Sibanda

The Zimbabwe Power Company is set to meet senior officials from Jaguar Overseas Limited (JOL) in a preparatory meeting ahead of imminent release of $70 million by Afreximbank for rehabilitation of Harare Power Station.

The Herald Business also gathered that the impending meeting provides an opportunity for the parties to discuss, during another eagerly awaited high stakes discussion, issues on delays by JOL in starting work on the re-powering of Munyati, which has not progressed since being awarded in 2015.

ZPC had sought permission from State Procurement Board (SPB) to cancel the contract for re-powering of Munyati Power Station awarded in 2015 to the Indian company citing JOL's delays in securing funding to rehabilitate the power plant.

READ MORE: https://www.herald.co.zw/70m-for-harare-power-plant/