Zambia, Zimbabwe shortlist foreign firms to build hydro plant

22 February 2019

Zambia and Zimbabwe have shortlisted
American, European and Chinese companies to build the Batoka Gorge hydro power plant, the ministry
of finance said in statement on

Preparatory studies, including engineering feasibility, for the 2
400 MW power station will be completed by
end of the first quarter, it said.

A request for proposals will be launched by April and the final
developer will be appointed by September, the statement said.

“The project will be built on a
Build-Operate-Transfer financing model and will not put any fiscal strain on
the governments of Zambia and Zimbabwe as no sovereign
guarantees will be required,” it said.

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