ENERGY Minister David Mabumba (l), African Development Bank (ADB) Amadou Hott and Zimbabwean Minister of Energy and Power Development Dr. Samuel Undenge during the the official opening of the Batoka Gorge Hydroelectric Power Investors Conference at David Livingstone Safari Lodge
ENERGY Minister David Mabumba (l), African Development Bank (ADB) Amadou Hott and Zimbabwean Minister of Energy and Power Development Dr. Samuel Undenge during the the official opening of the Batoka Gorge Hydroelectric Power Investors Conference at David Livingstone Safari Lodge

Government has assured investors that it will accelerate the tendering process and feasibility study for the development of the Batoka Gorge Hydro electric Scheme .

ZANIS reports that Permanent Secretary in the Ministry of Energy Emelda Chola said the governments of Zambia and Zimbabwe remain committed to addressing investors’ concerns on the implementation of the power project.

Brigadier General Emelda Chola was speaking when she gave a vote of thanks at the closure of the investor conference in Livingstone.

She described the hosting of the conference a success as the response exceeded the expectations of the two contracting states.

The Permanent Secretary assured the investors that the two governments will quickly expedite conclusion of the environmental and social impact assessment report.

Brigadier General Chola said the Zambezi River Authority (ZRA) has been mandated to engage the investors to crystallize their interests into commitments and investment pledges.

Earlier after detailed financial and technical presentations investors were concerned with the slow pace of tendering, and completion of the ESIA report and feasibility study.

Some investors had expressed eagerness to immediately commence with the actual development of the Batoka Gorge hydro power project.

Meanwhile, Chief Mukuni of the Toka Leya speaking people of Livingstone praised government for finally initiating the process of developing the Batoka Gorge Hydro Power project.

Chief Mukuni said the route government has taken to source for USD4 billion needed to develop the power project is the best economic option .

He appealed to government to ensure that it devises empowerment programmes for local communities in order for them to benefit from the power project.

The traditional leader said it is imperative that local communities are empowered to create employment and wealth from the exploitation of their natural resources through which they can benefit from.

Meanwhile, the government of Zimbabwe says it cherishes the political history and bilateral relations it shares with Zambia.

Zimbabwe’s Minister of Finance and Economic Development Patrick Chinamasa said his country is grateful for the long standing ties between the two former British colonies.

Mr Chinamasa said this in Livingstone during a cocktail party held to welcome leading financiers, developers and contractors to the investor conference on the development of the Batoka Gorge Hydro power project.

Mr Chinamasa who termed Zambia and Zimbabwe as siamese twins stated that the existing political and bilateral relations are cardinal in enhancing socio-economic development in the two countries.

The Zimbabwean Finance and Economic Development Minister has since called for intensifying bilateral ties between the two sister republics to maximize socio-economic benefits for its two people.

And Finance Minister Felix Mutati is confident that Zambia and Zimbabwe will raise the USD4 billion dollars from the investor conference to develop the Batoka Gorge Hydro power project.

Mr Mutati implored the investors to help nurture the development of the Batoka Gorge Hydro electric scheme into a power project that will provide energy to boost the economies of the two countries and promote regional trade and growth.

And speaking at the same occasion, Minister of Mines Christopher Yaluma was delighted that the development of the Batoka Gorge Hydro power project will provide the much needed power to run the country’s mines.

Several cooperating partners, local and foreign multilateral financial and development institutions and multinational private entities are in the country to attend the conference being held under the theme ‘harnessing the sustainable power generation of the mighty Zambezi River’.

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24 COMMENTS

  1. Why have you brought another piece of stup.id news and not keep the treacherous Lubinda for a while. Ok bring back Kambwili in the news he cannot suddenly go quiet. He must be doing something sneaky wherever he his. Forget the elusive Mmembe Edward is dealing with that. The point I am making is that Zambia is a failed state with no laws run by a dodge lawyer who store money from a client. Nice weekend!

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  2. Why can’t Zambia diversify her power sources? Wind farms ,geothermal wells and solar farms will give the country more power supply stability than unreliable hydro power all the time.

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  3. Imagine how many Solar farms dotted across the country you can build with $4 billion dollars guaranteed of power 365 days a year!!

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  4. Yes better hurry with this old project (Mwanawasa?) since Madam VP promised the dam would be finished by the end of the year

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  5. This is the worst government in the history of this nation. Useless! Every day we hear the president and the minister talking about doing something to reduce power deficit, just talking but no action. You can’t have Lungu as the president of great nation. A drunkard president without vision! Just stealing public funds and drinking beer.

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  6. where there is delay there is room for corruption. I have been keenly following this issue in the batoka and I can tell you that there is a deliberate attempt to frustrate the process inorder for investors to get fed up and induce the government officials for a chance to win the contract. This is the way things are done under this unaccountable illegal government of lungu’s. Zambia yasila. Also before I came to this website called lusaka times Mushota was a loose canon without direction because many people here were pro-pf. Now that I have come here and shaken her a bit with my hard hitting thoughts and facts she has now come out of her shell and shown her true colours. She is indeed as we suspected a PF cadre kikiki very desperate for attention

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    • The only thing you been shaking my friend nez is that small willy that you grab whenever HH’s name is mentioned..
      meanwhile, power deficit has been reduced, we are expecting a bumper harvest, mopani investing Billions, Tractor assembly plant, Ford motors assembly on its way… and so on and so on and so on….

      Eat that..
      Qpid 2017

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  7. THE INVESTMENT SEMINAR AND PRESENTATIONS MARVERLOUS BUT THE PACKAGE STILL NEEDS THAT ICING

    HOLDING THE INVESTMENTS CONFERENCE IS ONE THING BUT HAVING THE BOOK RUN BUILD THE SUBSCRIBPTION OF THOSE INVESTORS TO USD 4 BILLION IS STILL VERY FAR AND LIKE HON MUTATI HAS SAID THOSE IN ATTENDANCE WILL NEED TO COME FORWARD AND ACTUALIZE

    I SAW MOST OF THEM WERE LINNING UP FOR THE CONSTRUCTION AND FEW IN THE BOT OR BOOT OR PPP ARRANGEMENT

    I ALSO THOUGHT THAT THE BOOK WAS BUILT ALREADY BUT I HAVE SEEN STILL VERY FAR FROM FINANCIAL CLOSURE

    HAVING LOOKED AT THIS PRESENTATION AND LEAD TIME THE SYNO OR CHINA HYDRO GIVES YOU THAT OPTION

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  8. THE INVESTMENT SEMINAR AND PRESENTATIONS MARVERLOUS BUT THE PACKAGE STILL NEEDS THAT ICING

    HOLDING THE INVESTMENTS CONFERENCE IS ONE THING BUT HAVING THE BOOK RUN BUILD THE SUBSCRIBPTION OF THOSE INVESTORS TO USD 4 BILLION IS STILL VERY FAR AND LIKE HON MUTATI HAS SAID THOSE IN ATTENDANCE WILL NEED TO COME FORWARD AND ACTUALIZE

    I SAW MOST OF THEM WERE LINNING UP FOR THE CONSTRUCTION AND FEW IN THE BOT OR BOOT OR PPP ARRANGEMENT

    I ALSO THOUGHT THAT THE BOOK WAS BUILT ALREADY BUT I HAVE SEEN STILL VERY FAR FROM FINANCIAL CLOSURE

    HAVING LOOKED AT THIS PRESENTATION AND LEAD TIME THE SYNO OR CHINA HYDRO GIVES YOU THAT OPTION LOOKING AT THE CAPITAL OUTLAY…

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  9. Just look at the picture! As they say “a picture is worth a thousand words” !!!

    A very sorry looking bunch of beggars! Begging for more money after they have BORROWED BILLIONS and wasted (or stolen) it!

    And Emelda Chola described the hosting of the conference a success! Maybe the conference was a success, but did it actually achieve anything? Besides proving to the world that Zambia and Zimbabwe have been hijacked by a selfish bunch of kleptocrats that are more interested in stealing than managing their countries economies for the betterment of the people, and have now bankrupted their Nations?

    What a joke!

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  10. FORMALISATION OF THE LEGAL ENTITY “‘SPV” AND THE LEGAL DOCUMENTS INCLUDING THE LOG JUST BEING ADVERTISED BY ZESCO IN THE MEDIA TODAY -DAILY NATION THAT GIVES THE IDENTITY

    GET THE TARIFF AND SALES MORE FIRMER BY GETTING FIRM CONTRACTS TO GUARANTEE GENERATION INCOME BY ADDING ESKOM NAMPOWER OR BPC DIRECTLY COMMITTED AS PART OF THE DEAL NOT ONLY THE SAPP OR DAM ARRANGEMENT OVER THE PLANNING PERIOD THAT WILL AUTOMATICALLY INCREASE THE QUALITY OF INVESTORS

    OF COURSE THE SOLE PURPOSE IS TO GUARANTEE POWER FOR TWO ECONOMIES WITHIN THE SAPP DAM ALSO BUT FACTORING IN THE CAPACITY DIRECTLY FOR ESKOM NAM POWER AND BPC OUTSIDE THE SAPP MAKES…

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  11. POWER AND BPC OUTSIDE THE SAPP MAKES THE PROJECT FREE CASHFLOWS OR CASHFLOWS VERY MORE ATTRACTIVE AND NOT JUST ON THE ZESCO OR ZESA EXPORT LINES IT SHOULD BE A DIRECT COMMITTED PASS THROUGH POWER ARISING FROM THE POTENTIAL 2000 PLUS PROJECT FIRMLY TO ESKOM BPC OR NAMPOWER THROUGH THE EXISTING WINDOW ON ZESA AND ZESCO GETTING THE THREE AS PART OF THE SADC BATKA SPV IS EVEN VERY ATTRACTIVE ALSO FOR ANY INVESTING FIRMS AND INDIVIDUAL SUPRANATIONAL TAKING AWAY THE ROLE OF ZESCO AS A MEZZENAINE TO THE PROJECT ALONE

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  12. YES MOST OF THE ATTENDEES WERE TENDERERS LOOKING FOR THE CONSTRUCTION COMPONET AS OPPOSSED TO ACTUALLY FINANCING

    THE TARIFF LOOKS ATTRACTIVE AND COMPETITIVE BUT WHAT THE INVESTORS WILL BE INTERESTED IN FOR NOW IS THE PROFITABILITY INDEX FOR INDIVIDUAL FIRMS OVER THE FUTURE OF THE PROJECT ///

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  13. YES REALLY GUARANTEE OF CASHFLOWS AND OFFTAKER OVER THE REPAYMENT ITS SIMILAR TO MOST OF THESE KAFUE AND KARIBA

    THATS WHY THE MANDE TEMBO KAUSEN $1.2 ON LUANGWA CAN FAST TRACK AND CLOSE THAN THE BATOKA ITS NICELY CONCEPTUALISED ARROUND VALUE INVESTORD

    YOU EXPECTED THE LIKES OF FUTURE VALUE TO HAVE BEEN ACTIVE AT THE BATOKA INVESTOR FINANCING PRESENTATION BUT NON THIS SENDS YOU A VERY SERIOUS SIGNAL REGIONALLY

    WHY THE INGA EMPHASIS THAN THE BATOKA MORE GEOGRAPHICALLY FEASIBLE

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  14. YOU ARE CORRECT LUANGWA AND INGA COMPLEXITIES MORE THAN BATOKA BUT YET ATTRACTISE AND WELL MARKETED

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  15. YES THE LUANGWA $1.2 BILLION APPEARS TO BE CHALLENGING FROM ESGs POINT OF VIEW ENVIRONMENTAL POINT OF VIEW DUE TO LOCATION IN NATIONAL PARKS AND COULD FACE DIFICULTIES IN MEETING INTERNATINAL FINANCING INSTITUTIONS REQUIREMENTS

    YOU WILL NEED ALSO TO KNOW WHAT SHOULD BE THE BEST HYDRO DEVELOPMENT PLAN ON THESE SIGHTS

    THE OOPI OR NATIONAL COMMITTEE ON INVESTMENTS ON THESE PROJECTS MUST KNOW AND PACKAGE THE BEST CASE B4 THE INVESTOR FORUMS SERIOUSLY CALLED TO DISCUSS IT MUST BE POST FEASIBILITY AND ZEMA IN A SINGLE PROJECT PIPELINE
    OKAY THANKS

    KUOMBOKA CEREMONY MULITUILE ///////

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  16. WHEN the PF government says that they will ACCELERATE any tender for any project means that they have already lined up one their corrupt entities to prepare and submit the tender documents so that no other competitor can have any time to do the same. They already know the winner. And in most cases, money is already shared BEFORE it arrives in Zambia.

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  17. @4 Jay Jay, yes power production “guaranteed” for 365 days a year and only 8 hours a day…….is that your preference……chuckle

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