Zimbabwe: Hwange Thermal Power Station to reach financial close

Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa ($40 million) and Afreximbank ($76 million). In addition, the Chinese contractor Sinohydro told The Herald Business that China Eximbank is …