Zimbabwe: Govt Expedites U.S $300 Million for Power Plant Expansion

Sino Hydro Corporation, a Chinese company, is undertaking many projects in Zimbabwe.

GOVERNMENT has taken a big step towards implementation of the Kariba South Hydro Power Station expansion project by setting up a company to take ownership of the plant's assets, the Financial Gazette's Companies & Markets (C&M) has established. The formation of a new firm, called Kariba Hydro Power Company, was one of the few outstanding conditions, out of 17 set by the financier of the project, China Export and Import Bank (China Eximbank) for it to release funds for the expansion programme.

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