Monday, August 8 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Aug 01
Week of Jul 25
Week of Jul 18
Week of Jul 11
Week of Jul 04
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    China ban on foreign coal investment leaves Zimbabwe scrambling


    June 9, 2022 - The Zimbabwean

     

      "There is no funding for coal plants," Sydney Gata, the chairman of state-owned Zesa Holdings Ltd., said in an interview on Wednesday.

      "We don't have a plan yet," adding that while he has been in communication with the potential investors, the decision was made at a national level. China's decision last year has hit a number of other coal projects globally.

      The Asian nation's biggest lender, Industrial and Commercial Bank of China Ltd., last year dropped a plan to fund a $3 billion coal mine and power-plant complex in Zimbabwe, which was being developed by RioEnergy, a unit of RioZim Ltd.

      Zimbabwe's Secretary for Energy Gloria Magombo didn't immediately respond to emailed questions she had requested. The Bulawayo and Munyati plants were built between 1946 and 1957. Zimbabwe has an installed capacity to produce 2,100 megawatts but generates an average 1,200 megawatts to 1,300 megawatts.

      When possible, it meets the shortfall through imports.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.