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[Ferro-Alloys.com]
Chinese firm targets power generation in Gweru
Gweru-based ferrochrome producer, Jinan-Almid (Pvt) Limited says plans are underway to commence power generation with a target of producing at least 720 megawatts of electricity.
The establishment of a new power generation plant will be a big boost to the Midlands economy and impact positively on the broader national development targets.
This comes at a time when the country is experiencing depressed energy supplies with the power utility, Zesa, implementing load shedding, which is limiting industry operations. Jinan started operations in Zimbabwe in 2012 and specialises in the production of ferrosilicon, low and high carbon ferrochrome. The company's current utilisation is at 85 percent with four of its five furnaces with a capacity of 7000 tons per month.
Minister Ncube said the government was fully behind the initiative and recognises the importance of a reliable and affordable power supply for the growth and development of industry and the country at large.
He hailed Jinan for being resilient in the face of numerous challenges in the sector among them depressed prices of ferrochrome products on the world market.
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- [Editor:邢亞敏]
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