{"id":1224571,"date":"2022-10-14T14:14:05","date_gmt":"2022-10-14T14:14:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/14\/zimbabwe-secures-us310m-indian-loan-to-rehabilitate-power-station\/"},"modified":"2022-10-14T14:14:05","modified_gmt":"2022-10-14T14:14:05","slug":"zimbabwe-secures-us310m-indian-loan-to-rehabilitate-power-station","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/14\/zimbabwe-secures-us310m-indian-loan-to-rehabilitate-power-station\/","title":{"rendered":"Zimbabwe secures US$310m Indian loan to rehabilitate power station"},"content":{"rendered":"<p><\/p>\n<div data-td-block-uid=\"tdi_108\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p><img decoding=\"async\" src=\"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/cfd785a0-2ae0-5455-b5b6-bd7e419360b2&amp;operation=CROP&amp;offset=259x0&amp;resize=1491x840\" class=\"type:primaryImage\"\/><\/p>\n<p>Harare \u2013 Zimbabwe has secured a US$310-million loan from the Export-Import Bank of India (Exim Bank) to rehabilitate six units at the coal-fired Hwange Power Station in a bid to restore its capacity to 920 megawatts, Energy and Power Development Minister Zhemu Soda said on Thursday.<\/p>\n<p>The minister told the state-run \u201cHerald\u201d daily that the rehabilitation of the ageing thermal power plant would be done in three phases and was expected to begin during the first quarter of 2023.<\/p>\n<p>\u201cWe are likely to have two units decommissioned at a time (to pave the way for rehabilitation) until all the units have been repaired,\u201d Soda said.<\/p>\n<p>He said the Zimbabwe Power Company (ZPC) has engaged a consultant already working on a detailed project report that will detail the scope of the work and \u201cit should be ready by end of November\u201d.<\/p>\n<p>\u201cThe report will pave the way for the disbursements of the funds by the Exim Bank of India.\u201d<\/p>\n<p>The rehabilitation is expected to improve the energy situation for a country that has experienced rolling power cuts over the past two decades.<\/p>\n<p>It comes at a time when the government\u2019s investment drive in the mining and manufacturing sectors is being hampered by incessant shortages of power.<\/p>\n<p>According to figures published by the Zimbabwe Electricity Supply Authority recently, the utility last year received 23 applications from smelting and mining companies that require 2 100MW, while the backlog of new connections for domestic customers currently stands at about 350 000.<\/p>\n<p><strong id=\"strong-2c7de16aad3abca2f19f7c316608c404\">Now watch:<\/strong><\/p>\n<div>!function(e,t,r){let n;if(e.getElementById(r))return;const a=e.getElementsByTagName(\u201cscript\u201d)[0];n=e.createElement(\u201cscript\u201d),n.id=r,n.defer=!0,n.src=\u201dhttps:\/\/playback.oovvuu.media\/player\/v1.js\u201d,a.parentNode.insertBefore(n,a)}(document,0,\u201doovvuu-player-sdk\u201d);<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Harare \u2013 Zimbabwe has secured a US$310-million loan from the Export-Import Bank of India (Exim Bank) to rehabilitate six units at the coal-fired Hwange Power Station in a bid to restore its capacity to 920 megawatts, Energy and Power Development Minister Zhemu Soda said on Thursday. The minister told the state-run \u201cHerald\u201d daily that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[],"class_list":["post-1224571","post","type-post","status-publish","format-standard","category-world"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1224571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1224571"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1224571\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1224571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1224571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1224571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}