The government of Zimbabwe and India’s Jindal Steel (JINT.NS) have reached an agreement on a $455 million deal for the refurbishment of Zimbabwe’s 920 megawatt co-fired power plant.
The announcement about the agreement being reached was made by Zimbabwe’s Energy Minister, July Moyo.
According to the Minister, the refurbishment work on units of the Hwange thermal power station is expected to take four years.
He made the announcement during a post-cabinet briefing late on Tuesday, September 16, 2025.
Per the deal, Jindal Africa is expected to recover its investment from revenue generated by electricity sales from the plant.
Currently, Zimbabwe is said to only be meeting about half of its 2,000 megawatt electricity demand, experiencing frequent, extended power outages due to drop in capacity at its ageing power plants.
The 1,520 MW Hwange plant, currently Zimbabwe’s largest, was upgraded in 2023 with the commissioning of two units, which added 600 MW. But its older units were built in the 1980s and are operating at a third of their capacity due to breakdowns.
The Kariba hydropower station, built in the 1960s, completed a 300 MW upgrade in 2018, which boosted its capacity to 1,050 MW. However, its generation capacity has in recent years been affected by drought.
Source:Africa Publicity