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Israeli firm eyes Zimbabwe's power stations |
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09:54, September 21, 2009 |
A power company of Israel was courting Zimbabwe's power giant Zesa Holdings for a possible takeover of operations of its small power stations, local newspaper The Sunday Mail reported.
Information to hand reveals that the development came after Zesa chief executive officer Engineer Ben Rafemoyo announced that the parastatal is considering leasing its idle power stations to private players.
Efforts were also being made to complete the refurbishment of Hwange Power Station (HPS). Sources privy to the ongoing negotiations said the Israeli delegation jetted into the country two weeks ago for consultative purposes and were keen on investing in the power stations.
Proposals were also being made to transfer the management of Harare Thermal Power Station back to the Harare City Council. The thermal power plant was transferred to Zesa in 1986 as the government endeavored to centralize power generation.
Most of the equipment at the power station has outlived its life span, resulting in constant breakdowns that have caused serious power outages across the country.
Experts believed that Zimbabwe has the potential to generate sufficient power to meet domestic supplies and also export to the region through its vast renewable resource endorsements such as coal and gas.
Some of the projects that have the potential to increase the country's power generation capacity include the methane gas project and proposed thermal power stations.
Upon the completion of works at the thermal power generating stations across the country, the power utility will be able to raise current national power output by an additional 700 megawatts.
Source:Xinhua
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