Hytoric Enterprises is planning a 600 megawatts (MW) power generation plant in Zimbabwe, a move expected to improve electricity generation in a country currently dogged by continuous power shortages.
Hytoric, which trades as Southern Energy, has submitted its proposal to the Zimbabwe Electricity Regulatory Authority (ZERA) for approval, ZERA announced in a notice this week.
ZERA said the project was meant to generate and supply electricity to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and other customers in the country.
The country is experiencing huge power deficits which have impacted negatively on industrial performance and consequently the economy, with the country generating an average of 1 200MW out of a requirement of 2 200MW. ZERA said the proposed power plant would be situated at Entuba Coalfields in Hwange in the North Western part of the country.
In a bid to compliment power generation at Kariba, Hwange and other smaller power stations, government opened up the sector to independent power producers.
ZERA has since licensed 10 independent power producers with a capacity to generate over 5 000MW of electricity.
ZERA chief executive officer, Engineer Gloria Magombo has previously noted that the coming on board of independent power producers would complement the existing power stations.
Some of the licensed power producers are already operational while two of them, Pungwe and Duru Hydro-Power Stations, are set to be commissioned in the next six months with a capacity to generate 5,2 MW.
Power projects by their nature are capital intensive. This has meant that most power generation projects depend on foreign investors due to the cash crisis in the domestic economy.
Last year, ZERA approved an application by the State-owned Zimbabwe Power Company to generate electricity at Gairezi River.
The plant, to be constructed at an estimated cost of US$90 million, would generate 40 MW.