Zimbabwe To Receive $333 Million Loan From India To Upgrade Power Stations
![Zimbabwe To Receive $333 Million Loan From India To Upgrade Power Stations](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fzimbabwe-to-receive-333-million-loan-from-india-to-upgrade-power-stations.webp&w=640&q=75)
Indian Vice-President Venkaiah Naidu announced the Asian country will extend a $333 million to Zimbabwe for the upgrade of Hwange Thermal Power Station and rehabilitation of Bulawayo Thermal Power Plant.
$310 million will go towards the Hwange rehabilitation programme while $23 million will be used on the Bulawayo project. India will also give Zimbabwe a $19.5 million soft loan for the Deka Water Pipeline project in Hwange. Vice President Naidu’s statement reads:
During the visit, Vice President Naidu announced a $310 million line of credit for upgrading of Hwange Thermal Power Station additional $23 million line of credit for rehabilitation of Bulawayo Thermal Power Station and an additional $19,5 million line of credit for Deka Pumping and River Water Intake System. He also announced a grant for construction of Mahatma Gandhi Convention Centre, $2,93 million grant for upgrading of Indo-Zim Technology Centre and gifting of 10 ambulances to Zimbabwe, live saving drugs and deputation in five specialised areas. This gesture was deeply appreciated by the Zimbabwe side.
FeedbackBuy Phones on Credit.
More Deals