Harare - AIM-listed exploration and development concern Sable Mining Africa has entered into a memorandum of understanding to develop a 600 megawatt thermal power station with a Chinese company in Zimbabwe.
Sable Mining on Monday said it was looking at developing the $500 million power plant at the 19 236 hectare Lubu coal project with CITIC Construction.
Lubu is located in the Mid Karoo Zambezi coal basin in Hwange, in the north west of Zimbabwe.
Sable Mining CEO Andrew Groves said: “Considering the energy and power dynamic in southern Africa, there is a major demand for a secure and reliable power supply, which will continue to grow unless new power sources are established. Our proposition is to develop a 600mw coal power station in conjunction with CITIC and with the support of the Zimbabwean government.”
Groves said the move would represent a significant step forward in solving the ongoing energy deficit in southern Africa.