HomeBusinessAfrochine to invest $200m in Kwekwe gas project

Afrochine to invest $200m in Kwekwe gas project

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AFROCHINE Energy Corporation will pour over $200 million for the development of a gas power plant in Kwekwe that is expected to generate 125 megawatts (MW) of power.

VICTORIA MTOMBA
BUSINESS REPORTER

Speaking at a Press conference recently, Afrochine Energy Corporation chairman Phillip Man said the company was currently involved in chrome smelting plant and poly bag manufacturing and now wanted to venture into power production.

Man said the company has invested $50 million in its Chrome smelting plant and $15 million in poly bag manufacturing.

“We will use $150 million for the power plants and $50 million will be for gas extraction, ” he said.

ABB managing director Charles Shamu said the construction of the power plant would help ease power shortages in the country.

Shamu said the power plant will be constructed in two phases. The first phase will see 125MW of power being generated. Construction would be completed in the next 18 months.

“The power plant will be for gas in Kwekwe. The gas will be from Lupane area. This will be the first gas powered power station in the country and the company has plans to expand the station,” he said.

Shamu said the second phase of the power station will see the investment increasing to $350 million and output coming to over 200 megawatts.

The consultants of the project are ABB from Germany. Director of sales Turnkey projects at ABB Rainer Hoffman said the consultants will also help Afrochine look for investors.

“We will help in the feasibility study and the Environment Impact Assessment and we will work with the locals,” he said.

Shangani Energy Exploration said in March that it would start a $780 million gas project and construct a 400MW power station in Gwayi.

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