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India announced on Saturday it would lend Zimbabwe $310 million to finance a rehabilitation project for a coal-fired power plant, Hwange, which would require upgrading the station and extending its lifespan
.
The decision was made during a meeting between Indian Vice President M Venkaiah Naidu and Zimbabwean President Emmerson Mnangagwa and representative-level talks between senior officials of the two countries
.
Hwange is the second largest power plant in Zimbabwe with an installed capacity of 920 MW
.
India will also add $23 million in additional funding for the Bulawayo thermal power plant and $19.
5 million for the Deka pumping and intake system in Zimbabwe.
In addition, India will allocate $2.
9 million to upgrade the Indo-Zim Technology Center
.
Zimbabwe is the second stop on Naidu's six-day, three-nation trip to Africa, which aims to deepen India's strategic cooperation
with Botswana, Zimbabwe and Malawi.
India announced on Saturday it would lend Zimbabwe $310 million to finance a rehabilitation project for a coal-fired power plant, Hwange, which would require upgrading the station and extending its lifespan
.
The decision was made during a meeting between Indian Vice President M Venkaiah Naidu and Zimbabwean President Emmerson Mnangagwa and representative-level talks between senior officials of the two countries
.
Hwange is the second largest power plant in Zimbabwe with an installed capacity of 920 MW
.
India will also add $23 million in additional funding for the Bulawayo thermal power plant and $19.
5 million for the Deka pumping and intake system in Zimbabwe.
In addition, India will allocate $2.
9 million to upgrade the Indo-Zim Technology Center
.
Zimbabwe is the second stop on Naidu's six-day, three-nation trip to Africa, which aims to deepen India's strategic cooperation
with Botswana, Zimbabwe and Malawi.
