MARKETS

China Power could buy Rio mine

CHINA Power Investment may buy a Rio Tinto coal mine in Zimbabwe and build a thermal generator th...

Sadie Davidson
China Power could buy Rio mine

CPI is undertaking research on the anticipated plant that could produce 1200 MegaWatts in its first phase of construction, CPI president Lu Qizhou told Bloomberg.

The company said it was willing to work with the Zimbabwe government and make a contribution to the country’s power development.

Zimbabwe’s state-owned utility, Zesa Holdings, has a combined capacity through generation and imports of 1200MW, less than half the 2200MW needed to avoid power shortages and blackouts.

RioZim, which controls the proposed site, sits on deposits of about 1.3 billion tonnes of non-coking coal.

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