ZIMBABWE’S industrial power users have secured US$250 million from the African Export-Import Bank to build floating solar panels at the world’s largest man-made lake, Kariba.
The Intensive Energy User Group, made up of mining companies including a former local unit of Rio Tinto and Mimosa, plans a 250-megawatt plant at the Kariba Dam to be implemented in 18 months, according to a copy of its presentation.
That can be expanded to 1 gigawatt of solar capacity. The group received “oversubscribed” interest for financing, Edward Cross, the IEUG chairman, said in a message.