India on Saturday announced that it would extend a $310 million loan to Zimbabwe to finance a rehabilitation project for a thermal power plant that would entail upgrading the station and extending its lifespan.
The decision was taken during a meeting between Vice President M Venkaiah Naidu and Zimbabwe President Emmerson Mnangagwa and delegation-level talks between senior officials of the two countries here, TS Tirumurti, Secretary (Economic Relations) in the Ministry of External Affairs, said while briefing media on the deliberations.
Hwange is Zimbabwe’s second biggest power plant with an installed capacity of 920 MW. Read more
Latest posts by Moneycontrol.com (see all)
- Highway programme, Bharatmala, derailed due to high cost, tardy procedures - November 22, 2018
- NHAI files papers with Sebi to raise Rs 10,000 cr via bonds - November 22, 2018
- IOC, BPCL, ONGC offer significant upside as oil prices off 25% from highs: JP Morgan - November 22, 2018