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SinoHydro gets Kariba South tender

The State Procurement Board of Zimbabwe has finally awarded the tender for Kariba South Power Station extension to SinoHydro.
The extension of Kariba South Station will add 300 MW to the national grid. SinoHydro tendered its bid for about US$ 368 million. This is almost half of the US$ 700 million it had agreed with Treasury in a memorandum of understanding signed for the project in 2010.

Zimbabwe Power Company managing director Mr Noah Gwariro yesterday confirmed the development. 'The tender for the project was awarded to SinoHydro (Corporation Limited) by the State Procurement Board,' he said. 'The next step now is for us to negotiate a contract with the winning bidder. We intend to complete the negotiations by the end of the year. After those negotiations, the project would then resume some time next year.'

Mr Gwariro said the project was likely to take about four years. He confirmed that SinoHydro had charged about US$368 million for the project.

Additional information:
News date: 14/11/2012

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