Hwange coal power plant Units 7 and 8 (600MW)

13/12/2016
Project development

$ 1.4 billion

Announced

13/12/2016


Overview:

  • Hwange coal power plant Units 7 and 8 (600MW).
  • Zimbabwe Power Company (ZPC) and Sinohydro have established a joint venture SPV called Hwange Electricity Supply Company (HESCo) to undertake the expansion of the Hwange coal power plant.
  • The original plant was constructed between 1983 and 1987 with a capacity of 920MW.
  • The China Export Import Bank (Eximbank) is providing $1.2 billion in financing for the expansion. In addition Standard Bank is acting as arranger on $120 million of financing to be used both for this project and the Kariba South plant.

Sam Duke - Editor

Jurisdiction:

Zimbabwe

Deal type:

Project development

Practice area:

Project development

Governing law:

Zimbabwe

Industry sector:

Energy


Firms:

Party: Standard Bank of South Africa (Arranger)

Party: PTA Bank (Lender)


Party: Southern Energy (Project developer)


Party: Zimbabwe Power Company (ZPC) (Grantor)

Lawyer: Tom Luckock


Party: Standard Bank of South Africa (Arranger)

Party: PTA Bank (Lender)