Zambia and Zimbabwe Plan $5 Billion Hydropower Retender

By
Kwame Jelani Kamara
1 min read

Zambia and Zimbabwe have announced plans to retender a $5 billion project for the construction of a hydropower plant. The project, initially awarded to General Electric Co. and Power Construction Corp. of China, is being retendered, and new bidders are expected to be chosen by September next year. The Zambezi River Authority, which is a joint venture maintaining the Kariba Dam complex, has outlined the timeline for the retender process. They anticipate receiving bids from potential developers by April 2025 and aim to select bidders within five months after that, according to ZRA Chief Executive Officer Munyaradzi Munodawafa. This move signifies a significant development in the energy sector for both countries and demonstrates their commitment to ensuring a transparent and competitive process for this crucial infrastructure project.

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