Zimbabwe signs $455 million deal with Jindal Africa to refurbish Hwange power plant
Zimbabwe has signed a 15-year concession agreement with Jindal Africa, a subsidiary of India’s Jindal Steel, to rehabilitate the 920 megawatt (MW) coal-fired Hwange thermal power station. The deal is valued at $455 million. According to the country’s energy minister July Moyo, the project will focus on overhauling six ageing units within four years. Under the arrangement, Jindal will finance, refurbish, and operate the units for 15 years before handing them back to Zimbabwe Power…