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Sunday, September 20, 2020

President Lungu meets General Electric Corporation President Farid Fezou

Economy President Lungu meets General Electric Corporation President Farid Fezou

Batoka Gorge Hydro-Electric Power plant
Batoka Gorge Hydro-Electric Power plant

President Edgar Lungu has re-affirmed Zambia and Zimbabwe’s commitment towards the construction of a 4 billion United States Dollars Batoka Gorge hydro power station in Southern Province.

President Lungu said a lot of groundwork has been done and that the two countries are in full support of the power project.

The President said this when he met General Electric Corporation President Farid Fezoua in New York on the side-lines of the United Nations General Assembly.

President Lungu said demand for stable electricity both in Zambia and Zimbabwe necessitated the implementation of the Batoka hydro power project.

He disclosed that some countries in East Africa have already shown interest in the mega-power project in Southern Province as it will be able to produce sufficient electricity to meet local demand while the surplus would be exported.

President Lungu has since urged American companies to emulate General Electric Corporation and invest in various sectors of the economy in Zambia.

And Mr Fezoua said his firm in partnership with Power China is ready to implement the power project once all logistical arrangements were completed.

Mr Fezoua said the two firms are determined to carry out quality workmanship on the Batoka hydro power station once actual works commence.

The Batoka Gorge hydro power project is a joint venture between Zambia and Zimbabwe to be built on the Zambezi River across the international border.

The two countries have engaged General Electric Corporation and Power China to build the power station with the capacity to produce about 2, 400 megawatts of power once completed.

22 COMMENTS

    • Why still pursuing hydroelectricity? What would happen if we had three concurrent years of drought? Blame climate change? Please invest in wind and solar power. We have these in abundance. Use the Zambezi and muchinga escapements.

    • The Chinese promised to do away with coal-generated electricity in 2017 and concentrate on renewable energy such as solar energy and wind energy but according to a new CNN report it revealed a number of coal-generated power stations being constructed in Mongolia. So coal-generated electricity is the way forward for Zambia. So long as China, the second largest polluter in the world, builds coal-powered power stations on the side, and the States openly uses coal, the first largest polluter, Zambia’s efforts on climate change are too little to be meaningful. Viva 300 MW Maamba Therma Power Station and more.

    • “If this were about Hazaluza Hagain, the cult leader and Privatisation Thief, then it would have been worthwhile,” Dept of INCOMPOS.

  1. What about the 200% tariff hike that ZESCO is seeking to implement? Crook of a President who has gone to meet GE CEO on a project that’s already agreed to be seen that he is working. He will come out of the UN General Assembly. Zero but he will have ramped up the bill of Jameson

  2. WTF……is this project not signed and dusted as we were told ???

    Something fishy…….maybe the annoucment of 200 % price hike is meant to intice GEC to committe 100 % of the cost since GRZ are broke…..???

  3. The question we must be asking is “ When did they finalize the tender process??
    The two countries involved in this project are not sincere on the way the project is being handled. Ask Mutati

    • Is this is the General Electric of America I used to know as a kid which specialised in the making of train engines where the late Mazoka worked as a mechanical engineer? If it is when did it specialise in the making of hydro turbines machinery and dam construction.

  4. Hello Uko how is life under pf kiko how is loadshedding and fuel price increase treating you ? As for me and my white wife we have just been out for dinner which cost us 100 pound just for two people.

  5. If all LOGISTICS ARE IN PLACE AND IMPLEMENTED…..SO DONT Be exited that THESE FOREIGNERS WILL BUILD THE MATAKO POWER STATION AT THEIR OWN COST RUN IT AND HANDOVER, U ARE DREAMING ..THEY JUST WANTED TO WIN THE TENDER NOW THAT THEY HAVE WON THE TENDER, THEY WILL BRING ACTUAL COSTS ON THE TABLE AND AMEND THE CONTRACT FOR THE TWO GAVAMENT TO PAY 15% OF THE COST WHILST 85% BE LOANED TO WITH COLATERAL OF MINES. WATCH THE SPACE SO PF WILL HAVE NO CHOICE WITH ZANEWPF BUT TO GO AHEAD WITH A LOAN.

    • This is a standard practice. BOOT (build, own, operate, transfer) is a public-private partnership (PPP) project model in which a private organization conducts a large development project under contract to a public-sector partner, such as a government agency. A BOOT project is often seen as a way to develop a large public infrastructure project with private funding (not a market as was done by LCC). Here’s how the BOOT model works: The public-sector partner (government) contracts with a private developer – typically a large corporation or consortium of businesses with specific expertise – to design and implement a large project. After the private developer has made his profit after an agreed period he hands over the project to government.

    • LCC agreed with a Chinese company to build a market and the period of handing over the market was something like forty years but within a short time the contractor had recouped his money well before the forty years.

  6. @neez so you had dinner with your white wife, for 100 pounds. because of that you’re better than everybody else. happy now you narcissist sob?

  7. I think No 6 above is seriously mentally challenged, he is a stinking lunatic! All his contributions are silly and childish, he is much like Tutwa Ngulube these days, ifya bupuba fyeka fyeka all the the me!

  8. “CONSTRUCTION of Batoka Gorge Hydro Electric Scheme is expected to start in 2017 under a public private partnership (PPP) arrangement, Zambezi River Authority has said.
    And a multi-donor trust fund for Co-operation International Waters in Africa (CIWA), administered by the World Bank, has financed the project through a grant of US$6 million for the preparatory works”

    Quite confusing. How is this meeting by ECL, connected to the above, that was stated years ago – among other promises?

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