https://newsletter.en.creamermedia.com
Africa|Building|Construction|Power|PROJECT
Africa|Building|Construction|Power|PROJECT
africa|building|construction|power|project

Defaults raise Southern Africa hydro project cost to $5bn

12th August 2022

By: Bloomberg

  

Font size: - +

Sovereign defaults by both Zambia and Zimbabwe have escalated the Batoka Gorge hydro-electric project cost, with the estimated price climbing 23% to almost $5-billion.

The plan, which is being developed by General Electric and Power Construction Corporation of China, needs credit support, the Zambezi River Authority said in an emailed response to questions. This may be raised through development bank guarantees, government guarantees or partial credit and risk guarantees, the agency, which is overseeing the construction of the project, said.

Both southern African countries rely on the Kariba Dam, the world’s largest man-made reservoir, to generate power. The Batoka project includes a 181-m-high dam and two power stations on either bank of the Zambezi river and will generate 2 400 MW.

Building was planned to start in 2020, but was delayed by the Covid-19 pandemic and is yet to begin. The developers are also seeking tax incentives from both Zambia and Zimbabwe.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest News

Optasia CEO Salvador Anglada
Optasia successfully lists on the JSE
Updated 5 hours ago By: Marleny Arnoldi

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (31/10/2025)
31st October 2025 By: Martin Creamer
Magazine round up | 31 October 2025
Magazine round up | 31 October 2025
31st October 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.111 0.537s - 165pq - 2rq
Subscribe Now