daily menu » rate the banner | guess the city | one on oneforums map | privacy policy (aug.2, 2013) | DMCA policy | flipboard magazine

Go Back   SkyscraperCity > Continental Forums > Africa > General Forums > Business, Economy and Infrastructure

Business, Economy and Infrastructure Our architecture, infrastructure, transport, economy and other related discussions

Thread Tools
Old May 8th, 2010, 07:05 PM   #1
desert burner
real gooner
desert burner's Avatar
Join Date: Apr 2009
Location: asia
Posts: 4,649
Likes (Received): 48

zambia to build 120 mw hydro plant

Zambia will start building a 120 megawatt (MW) power plant in July as the country upgrades its power generation capacity to meet rising demand and help boost supply in the region, a senior industry official said on Monday.

Project Director Robert Nsamba said construction of the $240 million power plant, which was initially planned to start in the first quarter of 2010, would now begin in July due to delays in securing the equity and debt to finance the project.
Zambia, Africa's largest copper producer, needs to boost power generation capacity to meet fast rising demand, growing on the back of investment in the mining and tourism industries.
"We have $120 million of the financing available and the contract for the project will be effective from July this year, we are hoping that by 2014 the power project should be completed and ready to generate electricity," Nsamba told Reuters.
The Itezhi-tezhi hydroelectric project, about 260 km south of Lusaka, is being developed by the Itezhi-tezhi Power Corporation (ITPC), a company jointly owned by Zambian state power utility Zesco Ltd. and TATA Africa of South Africa.
India's Export and Import Bank (Exim) Bank in January agreed to lend Zambia $50 million to help develop the project and the southern African country is in talks with the European Investment Bank and the African Development Bank for additional funding.
desert burner no está en línea   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT +2. The time now is 04:08 AM. • styleid: 14

Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

tech management by Sysprosium