VOL. NO: 53      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

ZESCO and TATA seal $150 million deal for South Africa

ZESCO and TATA Africa Holdings have launched a partnership pact for the construction of a US$150 million hydro power station in Itezhi- Tezhi on the Kafue River. The project is aimed at providing for the anticipated power shortage in Zambia and Southern Africa by next year.

It will be expected to generate about 120 mega watts and would cover a 350km transmission line to the national grid. The South African Government, ZESCO and TATA Africa Holdings have all confirmed their commitment to the completion of the power project within three years.

Energy and Water Development Deputy Minister, Gaston Sichilima, said that the looming power shortage in the region was a matter of concern and the Itezhi-Tezhi project would facilitate the expansion of the Zambian mining and agriculture industries.

During the launch in Lusaka, the minister said that the Government had deliberately implemented conducive economic policies to facilitate the project's development through partnerships such as the one involving ZESCO and TATA.

The Indian High Commissioner to Zambia, River Wallang, said the Itezhi-Tezhi project would be the largest single venture that an Indian company would be undertaking in Zambia.

 

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