Zambia – Zambia Sets Indaba for US$6 Billion Batoka Gorge

Zamiba will hold a High Level Regional Investment Conference in February to mobilise resources for the Batoka Gorge Hydro Electric Power Scheme which is estimated to cost US$ 6 Billion and produce 2,400MW of power to be shared equally between Zambia and Zimbabwe. The conference is aimed at regional governments, African Development Financial Institutions (DFI’s), Multilateral DFI’s, Bilateral Cooperating Partners and Local, Regional and Multinational Private Sector Organisations – with a view to marketing the financing requirements of the Batoka Gorge Hydro Electric Power Scheme through the Independent Power Producer Arrangement (IPPA). Ernst & Young, the transaction advisers recently released the Batoka Gorge Hydro Electric Power Scheme strategy for project development. The Zambezi River Authority expects construction to commence in 2017 or 2018. (Source: Zambia Reports)

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