India provides $ 333 million loan to Zimbabwe for thermal power plant projects

In Zimbabwe, the Hwange Thermal Power Plant was funded by India for USD 333 million. This line of credit will be used to increase the capacity and lifespan of the infrastructure and to rehabilitate the Bulawayo infrastructure.

In the details, the upgrades are expected to increase the life of the Hwange power plant from approximately 15 to 20 years. The increase in capacity will cost $ 310 million. The remaining 23 million will allow the rehabilitation of the Bulawayo power station, the country’s second largest city.

Note that last December, Zimbabwe released $ 199 million in funding for the extension of the Hwange small town power plant.

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